Premium Bond Winner ?

abgrad

Just calculated and have had only £150 total spread over the last 4 months, 2 of those months I had £38k in and 2 almost the full holding. Terrible! I know everyone is just going to say that premium bonds are just for it you’ve used up your ISA allowance etc so anything from them is a bonus in a way, but I guess I’m one of those hoping for a proper win and not being rationale 😂 

Sg28

abgrad said:

Just calculated and have had only £150 total spread over the last 4 months, 2 of those months I had £38k in and 2 almost the full holding. Terrible! I know everyone is just going to say that premium bonds are just for it you’ve used up your ISA allowance etc so anything from them is a bonus in a way, but I guess I’m one of those hoping for a proper win and not being rationale 😂 

I wouldn't say thats what premium bonds are for. 

If you want to max your returns then savings are probably best. 
If you want to take a chance and see what happens, stick with premium bonds.

Fixed ISAs normally have penalties of 90 or 120 days interest to withdraw early. 

Stargunner

abgrad said:

Just calculated and have had only £150 total spread over the last 4 months, 2 of those months I had £38k in and 2 almost the full holding. Terrible! I know everyone is just going to say that premium bonds are just for it you’ve used up your ISA allowance etc so anything from them is a bonus in a way, but I guess I’m one of those hoping for a proper win and not being rationale 😂 

It is your decision. You can currently get around 4.3% in an easy access ISA with no withdrawal penalties or around 5.7% in a 1 year fixed that would have a penalty on withdrawals ranging from 60-90 days loss of interest. 

thegentleway

abgrad said:

If I don’t get like £300 in this months draw I think I’m going to have to get some money out!

I’ve got £50k in and have been getting less than £100 a month for a few months, sometimes nothing though some of these months I had £30 something k in so not full amount. But I see other people on here say for example that they only got £50 last month and they have been getting in the £200s for months and they don’t have the full amount in and that makes me feel a bit rubbish. I know I should have money in an ISA and am falling victim to the luck aspect of premium bonds. 

I don’t have any money in an ISA so should put money in that but I just worry about the notice period/penalty to get money out for fixed term ISAs as I’m not sure if I’m going to sell my place/buy a better place so my finances aren’t that predictable. 

Well I hope we are all lucky this month! 

odds of getting ~£300 on full amount are something like 5% so you've set a very high bar!

You should only expect to win about £125 a month, some months nothing, some months a bit more... And the odds don't change if you've had a bad run; they are the same regardless of previous wins. 

eskbanker

abgrad said:

Well I hope we are all lucky this month! 

At the risk of perhaps taking a throwaway comment too literally, PB holders can't all be lucky in any month!  The fundamental principle of a random draw is that many will achieve an 'average luck' return, but plenty won't (and plenty will achieve more) - everyone with a maximum holding has just over 10% chance of winning nothing in any given month, and obviously that chance increases for smaller holdings....

jaceyboy

abgrad said:

If I don’t get like £300 in this months draw I think I’m going to have to get some money out!

I’ve got £50k in and have been getting less than £100 a month for a few months, sometimes nothing though some of these months I had £30 something k in so not full amount. But I see other people on here say for example that they only got £50 last month and they have been getting in the £200s for months and they don’t have the full amount in and that makes me feel a bit rubbish. I know I should have money in an ISA and am falling victim to the luck aspect of premium bonds. 

I don’t have any money in an ISA so should put money in that but I just worry about the notice period/penalty to get money out for fixed term ISAs as I’m not sure if I’m going to sell my place/buy a better place so my finances aren’t that predictable. 

Well I hope we are all lucky this month! 

I have £100k and am pulling them out tomorrow after the draw today, I will put into top rate instant access for now and maybe fix for a year when rates rise in the next few weeks, I am done with PB's for now.

pbcpdeveloper

eskbanker said:

abgrad said:

Well I hope we are all lucky this month! 

At the risk of perhaps taking a throwaway comment too literally, PB holders can't all be lucky in any month!  The fundamental principle of a random draw is that many will achieve an 'average luck' return, but plenty won't (and plenty will achieve more) - everyone with a maximum holding has just over 10% chance of winning nothing in any given month, and obviously that chance increases for smaller holdings....

I think it was probably meant for people on this thread, not all holders of Premium Bonds.

Anyway, I wish me luck!

pbcpdeveloper

jaceyboy said:

abgrad said:

If I don’t get like £300 in this months draw I think I’m going to have to get some money out!

I’ve got £50k in and have been getting less than £100 a month for a few months, sometimes nothing though some of these months I had £30 something k in so not full amount. But I see other people on here say for example that they only got £50 last month and they have been getting in the £200s for months and they don’t have the full amount in and that makes me feel a bit rubbish. I know I should have money in an ISA and am falling victim to the luck aspect of premium bonds. 

I don’t have any money in an ISA so should put money in that but I just worry about the notice period/penalty to get money out for fixed term ISAs as I’m not sure if I’m going to sell my place/buy a better place so my finances aren’t that predictable. 

Well I hope we are all lucky this month! 

I have £100k and am pulling them out tomorrow after the draw today, I will put into top rate instant access for now and maybe fix for a year when rates rise in the next few weeks, I am done with PB's for now.

The draw's already taken place, you can take them out now if you like.

Sg28

One of this month £1m winners bought just £23k 4 months ago! Now thats luck....

PixelPound

thegentleway said:

abgrad said:

If I don’t get like £300 in this months draw I think I’m going to have to get some money out!

I’ve got £50k in and have been getting less than £100 a month for a few months, sometimes nothing though some of these months I had £30 something k in so not full amount. But I see other people on here say for example that they only got £50 last month and they have been getting in the £200s for months and they don’t have the full amount in and that makes me feel a bit rubbish. I know I should have money in an ISA and am falling victim to the luck aspect of premium bonds. 

I don’t have any money in an ISA so should put money in that but I just worry about the notice period/penalty to get money out for fixed term ISAs as I’m not sure if I’m going to sell my place/buy a better place so my finances aren’t that predictable. 

Well I hope we are all lucky this month! 

odds of getting ~£300 on full amount are something like 5% so you've set a very high bar!

You should only expect to win about £125 a month, some months nothing, some months a bit more... And the odds don't change if you've had a bad run; they are the same regardless of previous wins. 

https://www.premiumbondsprizes.com/detailed#50000

Median £125
Mean £166.67
Mode £100

You need to be in the top 25% to be getting £200+