Premium Bond Winner ?

becky_rtw

PB are also almost instant access. A fixed term bond is not. They are treated as part of our cash holding in our household not a savings account. 

gussie5555

becky_rtw said:

PB are also almost instant access. A fixed term bond is not. They are treated as part of our cash holding in our household not a savings account. 

I quite agree but millions do not treat their Premium Bond holdings as cash - they leave them sitting there for years - it is those who should be forming a stampede to get out and make better use of their money. There also will be 4% easy access accounts available next month aswell - even if you pay 20% tax which most of us do - that would still give you a tax free 3.2% return. How many folks will manage to get that on largish Premium Bond Holdings - very few!

jaceyboy

I must admit I am more and more thinking of pulling my PB's, I also dont believe two people win a month win a £1m either, when has ANYONE come out and said they have?

My parents gave me bonds years ago when I was 20 or younger, I have had them ever since (more larger amounts) for the past 26 years and have never won more than £500 in anyone time....

Ifts

arthurdick said:

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...

Same here, I like to wait for the email to alert me of any prizes, hence I post any prizes on here (when I remember) later than others who use the prize checker.
I miss the warrants coming through the letterbox (though I don't miss the trip to the bank to pay them in!).

Primrose

jaceyboy said:

I must admit I am more and more thinking of pulling my PB's, I also dont believe two people win a month win a £1m either, when has ANYONE come out and said they have?

My parents gave me bonds years ago when I was 20 or younger, I have had them ever since (more larger amounts) for the past 26 years and have never won more than £500 in anyone time....

Well, if I won a million I certainly wouldn't be going public with it, encouraging every fraudster and scrounger to my door for miles around.   I'd quietly bank it, be generous to my favourite charities and to those who genuinely need financial help.and try to keep the knowledge to myself.

pbcpdeveloper

gussie5555 said:

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?

Jan £25

Feb £175

Mar £125

Apr £325

May £575

Average per month £245. 

Swipe

pbcpdeveloper said:

gussie5555 said:

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?

Jan £25

Feb £175

Mar £125

Apr £325

May £575

Average per month £245. 

You'd had a great run but wait until you get some of my bad luck on a max holding since November

abgrad

I’ve won £50 this month (it says May but I know it’s June as it was £25 last month). Holding of £35k. I know I should be grateful but I hoped for more as April was £0. 

I’ve put more in so come August I will be almost full holding. But I also wonder about taking money out. I will be a higher rate tax payer this year so not sure about savings but I don’t have any ISAs except for the lifetime one. I don’t actually know if that counts towards my allowance but at the money I just put £13 a week in (random amount). I just really want to be able to access my money as I might sell my small flat this year and try to buy bigger place whilst I do have this good salary. I should probably do a fixed rate ISA as many you can take out with just a 30 day penalty for interest as they aren’t allowed to not let you take it out. They should teach more about savings at school (mind you im almost 40 now!) but most of us on here are in a good place to be considering where to put money, many don’t have much savings at all. 

BooJewels

Looks like I have £100 and £25, from 2 bonds in the same batch - holding £22k.

justwantedtosay

Swipe said:

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.

I have a full holding and have won just a single £100 prize - ever. So far this year it's been, £50, Nothing, £100, £125, £50 and £50 - just 2x25 for June. That's an APR of 1.5%, and why a £100 prize would be very welcome! 

In reality, £100 is the amount you're most likely to get in any one month with "average luck". An average of £110 a month in most years.