Premium Bond Winner ?

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cattie said:

I had a rather surprising shock this month with 2 bond wins. One at £10,000 & the other at £50. I still can' quite believe it & at first I thought it was a £1k win instead of £10k. This is on a holding of around £45k. 

Congrats. I bet you are glad it's tax free. 

linz

Nice to see people on this thread get decent wins !!!!!

arthurdick

£225 for me this month on max holding,

March £75
April  £350
May £425
June £225

silvermum

3 wins today, totaling £100, on a £5175 holding.

becky_rtw

Brilliant @cattie hope you enjoy it! 

RedImp_2

£50 on max after a couple of decent months 

Kaizen917

Is there much of a difference if you put lower amounts into premium bonds? I keep being told that having less than 50k is pretty sub-optimal.

Ifts

 £275 (2x100 1x50 1x25) for June on FH   

Sg28

£50 on max 😞

El_Torro

Kaizen917 said:

Is there much of a difference if you put lower amounts into premium bonds? I keep being told that having less than 50k is pretty sub-optimal.

The less you have in Premium Bonds the lower the likelihood is that you will get an average return, which is currently 3.30%. That 3.30% includes the high value prizes, most people will get closer to 3%. 

One way to look at it is that currently the chance of winning 1 prize in a month is 24,000 to 1. So if you have less than £24,000 in Premium Bonds you are unlikely to win a prize every month. 

Personally I currently have £25,500 in Premium Bonds and my return so far this year (annualised) is 3.9%. Not bad considering it’s tax free and if it wasn’t I’d be paying 40% tax on my winnings. 

Ultimately none of the returns are guaranteed so any amount in Premium Bonds is a gamble when compared to a savings account. Personally I wouldn’t bother with less than £10k in PB, though who knows, people with less often get lucky.