Premium Bond Winner ?

eskbanker

christmaslights said:

Eirambler said:

christmaslights said:

 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.

But if there are two £1,000,000 prizes and there are (for example) 10,000,000 bonds and 1,000,000 of those are cashed in then that must slightly increase my chances of winning.  Which is a nice thought.  

A drop in eligible bondholders (if it happens - as above it hasn't this month) would indeed slightly improve your chances of winning £1m, as the number of £1m prizes is fixed, but the chances of winning any prize remain the same at 22,000 to 1 per bond (from the next draw onwards, it's been 24,000 to 1 up to now).

Ifts

Got the 'you've just won' email today:

£100 for July on FH 

 

BooJewels

You're disciplined; holding out for the email.

Ifts

I miss the surprise of the warrants dropping through the letterbox - though I don't miss the trip to the bank to pay them in!

Now I like the surprise of the 'you've just won' email popping up in my inbox 

BooJewels

I did get a couple of paper warrants last month for wins to an estate account I'd cashed in as executor - just for £25 each.  Don't even know why they weren't paid to her as they were both from wins over a year ago.  Nor do I know why the value wasn't just paid into the bank, along with the value of her holding.  They seem to make work for themselves - and they were sent separately. 

Swipe

BooJewels said:

I did get a couple of paper warrants last month for wins to an estate account I'd cashed in as executor - just for £25 each.  Don't even know why they weren't paid to her as they were both from wins over a year ago.  Nor do I know why the value wasn't just paid into the bank, along with the value of her holding.  They seem to make work for themselves - and they were sent separately. 

I got the same on my mum's estate.

jaceyboy

Seriously considering taking out £85k and doing a fixed bond for a year at 6.10% with Firstsave, interest would be £5185.00 for the year....and as im a low tax earner tax would be not much

cymruchris

jaceyboy said:

Seriously considering taking out £85k and doing a fixed bond for a year at 6.10% with Firstsave, interest would be £5185.00 for the year....and as im a low tax earner tax would be not much

Daft question - what's that to do with premium bonds, being as they have a max holding of £50k? Or do you have a partner/family member that also has a holding and you're going to combine them into one bond?

jaceyboy

cymruchris said:

jaceyboy said:

Seriously considering taking out £85k and doing a fixed bond for a year at 6.10% with Firstsave, interest would be £5185.00 for the year....and as im a low tax earner tax would be not much

Daft question - what's that to do with premium bonds, being as they have a max holding of £50k? Or do you have a partner/family member that also has a holding and you're going to combine them into one bond?

Yep between two of us, cant see us winning £5k on PB's

sugar_daddy1237

Had £50k in my account and £40k in my daughters. I won £950 this year and daughters won £1275. Not bad really.
But decided to take out £25k each and purchase a house to rent to get some guaranteed income. Put request in Monday to Withdraw, money was in my account today.