Premium Bond Winner ?

Yorkshire_Pud

£0.

Cashing in, prefer 3.5% gross instant savings account.

Seems a lot more nil prizes reported since the fund increased!

Stargunner

Yorkshire_Pud said:

£0.

Cashing in, prefer 3.5% gross instant savings account.

Seems a lot more nil prizes reported since the fund increased!

How much is your holding?
3.5% gross is not attractive to those of us that have to pay tax on savings.

RG2015

Yorkshire_Pud said:

£0.

Cashing in, prefer 3.5% gross instant savings account.

Seems a lot more nil prizes reported since the fund increased!

Yes, but which Instant account is that?

tommyedinburgh

£25 x  2 on £57ish K across our holdings. Lowest win in previous 5 months but still happy. 

md458

£50 on full amount

retiredandskint

£125 (100 & 25) on full holding.  Making £495 over three months

taylornj

Zero for last 2 months on full amount

inflationbuster

£50 this month.  Lucky for NS&I as l would have pulled my money out otherwise.  Since they've massively reduced the £25 prizes it's a raw deal owning this product.  Yield is damn awful.

Premium bond	Returns
Invested	Total prize	Yield	Tax Year
£50,000.00	£475	0.95%	22-23
£50,000.00	£425	0.85%	21-22
£50,000.00	£775	1.55%	20-21
£50,000.00	£725	1.45%	19-20
£50,000.00	£950	1.9%	18-19
£50,000.00	£450	0.9%	17-18 starting  Nov

eskbanker

inflationbuster said:

Since they've massively reduced the £25 prizes it's a raw deal owning this product.  Yield is damn awful.

They've only reduced the £25 prizes by replacing them one-for-one with higher value prizes, i.e. the number of prizes is the same and the chances of winning a prize remain exactly as they have done since before the most recent few changes, at 24,500 to one per bond per month!

The fact that you've been less lucky since then isn't reflective of a general trend....

Edit: 24,500 correction, not 24,000!

Stargunner

inflationbuster said:

£50 this month.  Lucky for NS&I as l would have pulled my money out otherwise.  Since they've massively reduced the £25 prizes it's a raw deal owning this product.  Yield is damn awful.

Premium bond	Returns
Invested	Total prize	Yield	Tax Year
£50,000.00	£475	0.95%	22-23
£50,000.00	£425	0.85%	21-22
£50,000.00	£775	1.55%	20-21
£50,000.00	£725	1.45%	19-20
£50,000.00	£950	1.9%	18-19
£50,000.00	£450	0.9%	17-18 starting  Nov

Your historical yields are not that bad, considering how low historical savings rates have been for easy access accounts