Premium Bond Winner ?

inflationbuster

Won £50 in July.  Wondering wether to cash in? 😒

Premium bond	Returns
Invested	Total prize	Yield	Tax Year
£50,000.00	£275	0.55%	23-24
£50,000.00	£650	1.3%	22-23
£50,000.00	£425	0.85%	21-22
£50,000.00	£775	1.55%	20-21
£50,000.00	£725	1.45%	19-20
£50,000.00	£950	1.9%	18-19
£50,000.00	£450	0.9%	17-18 starting  Nov

kev1744

£25 on a full holding. averaging less than 2% winnings for last 3 years. think ill be pulling out and sticking in a fixed rate account

VKE

We both have the max holding; this year our returns have been:
Jan: £50 & £150
Feb: £25 & £100
Mar: £225 & £100
Apr: £75 & £100
May: £75 & £25
June: £50 & £225
July: £1,150 & £275  
%
Me: 3.3% & Him 1.95% & Total 2.62%
Our return for 2023 is our best return to date

EssexHebridean

Sg28 said:

EssexHebridean said:

Sg28 said:

EssexHebridean said:

Swipe said:

EssexHebridean said:

Nowt for me again, and mine have now been requested for withdrawal

The results for low value prizes aren't out until tomorrow 

Yep, I realise that. I thought the draw had already taken place though (I thought it was first thing on the draw day)? Realistically if not then chances are we'd have nabbed another £25 at most so not the end of the world! 

Theres more chance you'll win a £100 or a £50 than a £25

Not on our current track record it's not. We have only ever won £25 at a time, and only ever a single win in a month. I know about the statistical likelihood, but in our case, we sadly have definitely been "below average luck" throughout most of our time holding them! 

fabsaver said:

EssexHebridean said:

Swipe said:

EssexHebridean said:

Nowt for me again, and mine have now been requested for withdrawal

The results for low value prizes aren't out until tomorrow 

Yep, I realise that. I thought the draw had already taken place though (I thought it was first thing on the draw day)? Realistically if not then chances are we'd have nabbed another £25 at most so not the end of the world! 

It's never been entirely clear to me at what point early in the month a withdrawal can be safely made without affecting the draw entry. Like you I'd assume a withdrawal today would be ok as the draw should have already taken place.

If withdrawing the month before there is an option to defer until after the next draw. However ticking that box for a withdrawal on the 1st of the month will defer the withdrawal until the following month, even when the draw hasn't actually take place yet.

Does anyone know this for sure or able to find the information on the NS&I website?

Yes - it was the fact that I thought the draw should already have been made that I based my withdrawal time on - I presumed that if we'd been selected for a prize, then we would still receive it even though the bonds have been withdrawn on the day of the draw. 

I too assumed that ticking the "defer until after next draw" option would mean they would then stay in for the August draw - which wasn't what I wanted! 

Its only more likely to hit 50 or 100 than 25 as from this draw. Before this the £25 was the most likely.

You've got to laugh...double checked on the account this morning and had a brief moment of wondering why there appeared to be an extra £100 sitting there to what I thought I'd left behind...yep, you've guessed it - £100 win! Makes not a jot of difference in reality - they were always coming out anyway, so we will see this as a parting gift from NS&I, and at the moment, we've decided to leave it there to give us a head start when we decide to start adding to the account again in the future!  

Wilbur11

Only £25  again for me and £50 for other half this month.  We both have the full 50k holding each.   I have already opted to transfer out, leaving only £1000 in.  Other half still trying to decide whether to go or stay 🙄

JGB1955

£200 on my (now reduced) holding of £30K.  6% over the past 6 months.  My husband (with 50K) less happy... I think he mentioned £50.  He's wavering.......

christmaslights

Nothing this month on a £3,000 holding, but I won £100 last month so not complaining. Out of interest, if loads of people cash in their bonds as they’re saying here they might do so that there are fewer bonds for Ernie to pick from, does that raise the likelihood of winning for the people who remain?

root

christmaslights said:

...Out of interest, if loads of people cash in their bonds as they’re saying here they might do...

this is a monthly thing but rarely anyone actually goes through with it.

I got 3x 100 and 1x 25 on 21k this month. Happy with that.

Eirambler

christmaslights said:

Nothing this month on a £3,000 holding, but I won £100 last month so not complaining. Out of interest, if loads of people cash in their bonds as they’re saying here they might do so that there are fewer bonds for Ernie to pick from, does that raise the likelihood of winning for the people who remain?

No, it just means the number of prizes are reduced and the win % stays at the same rate. However, NS&I have income targets to hit and if they're running below their targets they will need to (further) increase the prize rate to generate income. So I therefore fully encourage all waverers to proceed with their withdrawals!

Personally we have maxed out our ISAs this year and are having to be careful not to go over the tax limit from general savings. So Premium Bonds will remain part of our savings for the rest of this financial year at a minimum, though they are by a distance our lowest earner, even though we're running at slightly above the average prize rate.

lr1277

£25 on a £32k holding.