Premium Bond Winner ?

justwantedtosay

Podseas said:

CPI is currently at 1.2% on a monthly basis (for April 2023).

So if you won less than £600 this month on a full amount then you are actually losing money to inflation.

Could you suggest somewhere you would earn £600 a month on £50,000 without risking your capital?

gunjin

£20.5k holding. Still nothing for me since Dec 22. Cursed.

LeafGreen

Awesome win that Galactica!  

I have found in the app that the prizes seem to be revealed in ascending value order.

Doctor_Who

grahamgoo said:

Awesome win that Galactica!  

I have found in the app that the prizes seem to be revealed in ascending value order.

That is correct......my 7 prizes this month ended with a £500 prize.....first for MANY years! Total of £850 for June on a max holding. Brings my YTD interest to 3.5% tax free.

Crag30

Only £50 for me this month. I want a  re-draw

El_Torro

Looks like my lucky streak is continuing this year, I won 3 prizes in June. Not big prizes though, 2x£25 and 1x£50. 

This makes my total £500 in 2023 so far. Not bad for a holding of £25.5k. 

Doctor_Who

Crag30 said:

Only £50 for me this month. I want a  re-draw

Let me think about that.........NO! I know a couple of millionaires who agree with me 

Sarahspangles

Crag30 said:

Only £50 for me this month. I want a  re-draw

Scheduling that for 3rd July 

jak22

Just £25 this month - it's getting harder to ignore that a full holding would return £215 a month on a 1 year fix for example - taxable of course but still more than many are getting from their PBs I suspect.

Stubod

sparky0138 said:

Stubod said:

Been in PBs for a while as it seemed to make sense when interest rates were low, (sub 1%), and now when we get a win it seems like a lot compared to what we were getting when the rates were lower. However when you consider that £50k in a current 5% fixed account will get you a guaranteed £166 (20% tax payer), and given the odds of winning "the big one", I think putting the money into savings accounts is starting to seem a better bet.

I agree. I currently have £10,500 in PBs having built it up over three years. I've won a total of £200 and if my excel formula is correct, it's equivalent to a 1.32% interest rate. This was my last draw (at least until interest rates come down again), I'm going to stick it in a savings account and drip feed to a regular saver. Of course, I'll wonder what would have happened if I'd left the money in but what you don't know can't hurt you. 🤷‍♀️

If I had less than around £40k I would not bother with PB's ...I think you are better with the best saver you can get, particularly with rates now improving...