Premium Bond Winner ?

strawb_shortcake

22 wins in 6 months, think I have another line to add to my spreadsheet...

El_Torro

GalacticaActual said:

 An article on the Daily Mail/Money Mail website yesterday, 11th April 2023, obtained via a Freedom of Information request:

The luckiest ever Premium Bond winner has taken home a total of £1,019,850, across 288 prizes, since they bought their first bond in May 2004, Money Mail can reveal.

One bondholder has bagged more wins over the same time, with 408 prizes. 

https://www.dailymail.co.uk/money/investing/article-11961845/Luckiest-Premium-Bond-winner-takes-home-1-019-850-2004.html

Interesting. Assuming we take this at face value I think that the "luckiest ever Premium Bond winner" shows that Premium Bonds aren't all that impressive. If we assume the scenario that they won one less prize (287 instead of 288) and that the prize they didn't win was worth £1M then since 2004 they would only have won £19,850 worth of prizes. We don't know how many Premium Bonds they held over those 19 years but if we assume £50k worth (an incorrect number I know, since it was not possible for one person to hold £50k worth of Premium Bonds in 2004) then that is a gain of roughly 40% over those 19 years. Holding stocks (say in a global tracker) over that same period of time would have netted a much better return. 

Of course the fact that they won the £1M makes my point pretty moot. Still, if we take into account that the chance of winning £1M is incredibly small (even with a max holding over a 19 year period) it highlights that Premium Bonds are only really worth having as part of your cash holding. If you want an investment then Premium Bonds are not the way to go. 

The other winner mentioned that has won 408 prizes over the same time period highlights this too, since they were less lucky with the prizes they won, amounting to £14,325. Sure if it was on a holding of £1 that's pretty impressive, I suspect they were holding a lot more than that though.

Deru

4 prizes in April which I only discovered yesterday as I checked on 3rd April (a day too early) and it told me I won 2x £25 (turns out it was telling me last month’s prizes).

 This month

£1000
£100
£100
£25

that’s the most I’ve ever won from anything so quite chuffed.  

£29K holding that month. Balance growing each month but I only started about 2 years ago.  Not sure if that’s lucky or not for that time with this amount but luckier than not winning anything I guess.

arthurdick

Nice one Deru, I would be happy with that any month, while I still have my enjoyment of checking to see if any of the £5000 prizes upwards come my way.  

SandyN21

I know we've had the Easter holidays but have you had your winnings credited to your nominated account yet? I'm still waiting for mine

SouthCoastBoy

Yes, mine went into my direct saver last week

Swipe

SandyN21 said:

I know we've had the Easter holidays but have you had your winnings credited to your nominated account yet? I'm still waiting for mine

That doesn't sound good. Should be in there by now. I'd get on to them ASAP.

SandyN21

Swipe said:

SandyN21 said:

I know we've had the Easter holidays but have you had your winnings credited to your nominated account yet? I'm still waiting for mine

That doesn't sound good. Should be in there by now. I'd get on to them ASAP.

If no show by tomorrow morning then I'll give them a call.  Thanks

SandyN21

SandyN21 said:

Swipe said:

SandyN21 said:

I know we've had the Easter holidays but have you had your winnings credited to your nominated account yet? I'm still waiting for mine

That doesn't sound good. Should be in there by now. I'd get on to them ASAP.

If no show by tomorrow morning then I'll give them a call.  Thanks

Phoned and was informed because I'd changed my nominated account on 28th March which was near to the draw day, NS&I sent out payment to old account and it was rejected and returned.  Wins will be sent again within 5 working days once admin has sorted🙂

SVts

I'd like to buy 25k of premium bonds so I can qualify for the June draw. 

How long does it take to process an order? Instantly? Should I purchase now or ok to wait until April 30th?

Thanks.