Premium Bond Winner ?

retiringtoosoon

£5m on £25 holding!

gussie5555

Just checked the June 2023 high value prizewinners spreadsheet - nothing for me and I doubt I'll get much if anything of the piddly prizes when I check my app at midnight. As someone eloquently put in iin a recent post I saw elsewhere ...

Premium bonds might be tax free. But the return is less than a 'normal' account after tax. Tax free and inefficient is what premium bonds are.

I will wait until I see a one year fixed 5.5% bond next month and my 50k will go there. With gross interest rates reaching 5.5% or even above next month you have to be pretty silly to leave large amounts in Premium Bonds now - those days are gone!

Gers

Someone's won £10K on a £2 bond held since Feb 1959 - no other holdings!

justwantedtosay

gussie5555 said:

I doubt I'll get much if anything of the piddly prizes  ...

I wish I could think of £1,000 as 'piddly'. Or even £100 come to that.

justwantedtosay

Gers said:

Someone's won £10K on a £2 bond held since Feb 1959 - no other holdings!

I wonder if they'll ever be traced to receive their winnings. 

arthurdick

Oh well, just checked from the million prizes down to the last £1000 prizes,(around 14000 rows down) nothing for me there.  I will not check my account to see if I have won any of the lower prizes, I like to wait and see if I get an email, like I have the last 3 draws, saying I have won a prize, it gives me that little bit of fun and I would be happy with any win, well, apart from just £25, but even that is better then £0. 

Swipe

justwantedtosay said:

Gers said:

Someone's won £10K on a £2 bond held since Feb 1959 - no other holdings!

I wonder if they'll ever be traced to receive their winnings. 

Not a chance in hell. I'm still waiting for them to get back to me about my lost childhood post office savings accounts. 2 months and counting. 

Swipe

justwantedtosay said:

gussie5555 said:

I doubt I'll get much if anything of the piddly prizes  ...

I wish I could think of £1,000 as 'piddly'. Or even £100 come to that.

While a £100 prize might have been a welcome win this time last year it's now a disappointing amount on a max holding.

gussie5555

You'd have to be winning an average of £180 per month to match what a 5.5% 1 year fixed account would pay out at the end of the year assuming paying 20% tax on the interest - many folks just leave 50k sitting there in the faint hope - it's madness now to do this.

Ok if you tell yourself you can get your holding out at any time - but how many folks actually do this?

strawb_shortcake

PB's managed to trace my Uncle when his 1950 something bond won. After the letter telling him he'd won, he was a little disappointed to find out it was just £25 win