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Premium Bond Winner ?
Comments
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I presume prize ‘rates’ on PB’s are driven by different influences than normal accounts ( how much money they need to raise?), otherwise you would have thought they would have increased them . You would have also thought though by now they must be seeing withdrawals of funds and given they do now look pretty uncompetitive for many people there would be an increase on the cards,1
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Your post must have driven them to increase the rate! ~ https://www.nsandi.com/products/premium-bondsRedImp_2 said:I presume prize ‘rates’ on PB’s are driven by different influences than normal accounts ( how much money they need to raise?), otherwise you would have thought they would have increased them . You would have also thought though by now they must be seeing withdrawals of funds and given they do now look pretty uncompetitive for many people there would be an increase on the cards,
If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.3 -
The more it goes up the worse my luck gets0
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Yes, the prize fund will reach a 15-year high from July 2023 - meaning there should be 24 extra £100k and £50k prizes up for grabs, according to This is Money.
Premium Bond prize fund rate boosted to 3.7% by NS&I | This is Money
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Total number of prizes decreasing. Total value of prizes increasing.ForumUser7 said:
Your post must have driven them to increase the rate! ~ https://www.nsandi.com/products/premium-bondsRedImp_2 said:I presume prize ‘rates’ on PB’s are driven by different influences than normal accounts ( how much money they need to raise?), otherwise you would have thought they would have increased them . You would have also thought though by now they must be seeing withdrawals of funds and given they do now look pretty uncompetitive for many people there would be an increase on the cards,
https://nsandi-corporate.com/news-research/news/summer-boost-savers-nsi-increases-premium-bonds-prize-fund-rate-and-junior-isa
If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.2 -
Theres now a higher chance of winning a £50 or £100 prize than there is of winning a £25 prizeForumUser7 said:
Total number of prizes decreasing. Total value of prizes increasing.ForumUser7 said:
Your post must have driven them to increase the rate! ~ https://www.nsandi.com/products/premium-bondsRedImp_2 said:I presume prize ‘rates’ on PB’s are driven by different influences than normal accounts ( how much money they need to raise?), otherwise you would have thought they would have increased them . You would have also thought though by now they must be seeing withdrawals of funds and given they do now look pretty uncompetitive for many people there would be an increase on the cards,
https://nsandi-corporate.com/news-research/news/summer-boost-savers-nsi-increases-premium-bonds-prize-fund-rate-and-junior-isaEx Sg27 (long forgotten log in details)Massive thank you to those on the long since defunct Matched Betting board.2 -
Challenge accepted - I’ll still win £25!Sg28 said:Theres now a higher chance of winning a £50 or £100 prize than there is of winning a £25 prizeFashion on the Ration
2024 - 43/66 coupons used, carry forward 23
2025 - 62/890 -
The total number of prizes remains the same relative to the number of bonds in circulation, and hence the chances of winning a prize continuing to be 24,000 to one per bond per month - the tiny 0.14% drop in total number of prizes will be a reflection of fewer bonds in the July draw compared to June, which will be the first reduction for a long time....ForumUser7 said:Total number of prizes decreasing.1 -
People pulling money out for better savings rate?eskbanker said:
The total number of prizes remains the same relative to the number of bonds in circulation, and hence the chances of winning a prize continuing to be 24,000 to one per bond per month - the tiny 0.14% drop in total number of prizes will be a reflection of fewer bonds in the July draw compared to June, which will be the first reduction for a long time....ForumUser7 said:Total number of prizes decreasing.Ex Sg27 (long forgotten log in details)Massive thank you to those on the long since defunct Matched Betting board.1 -
I've pulled £20k out this month for this reasonSg28 said:
People pulling money out for better savings rate?eskbanker said:
The total number of prizes remains the same relative to the number of bonds in circulation, and hence the chances of winning a prize continuing to be 24,000 to one per bond per month - the tiny 0.14% drop in total number of prizes will be a reflection of fewer bonds in the July draw compared to June, which will be the first reduction for a long time....ForumUser7 said:Total number of prizes decreasing.0
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