Premium Bond Winner ?

PeskyBlunder

borderline said:

when do they transfer the money?

It reaches my bank account from 8th-12th of the month depending on what day start of month is.

sugar_daddy1237

waveneygnome said:

(I love this thread)

My wife bought 1 block of £25k in 2021.  Her winning rate is 1.45%

I bought 25 blocks of £1000 over a 25 month period.......

Guess who has the higher return rate.

I can't stand the suspense, spill the beans mate 🙄 

borderline

BooJewels said:

I know I've had prizes this draw, but haven't had the email yet - I seem to get it later in the day on the 4th-ish, so maybe this afternoon. I expect the payment on Tuesday - 8th.

the email just came through 

Ifts

borderline said:

when do they send emails? when do they transfer the money?

Emails usually come through on the 3rd or 4th working day of the month.

Prize money usually paid into linked account on the 6th working day of the month.

edit: Here are the dates of recent prize money paid into my linked account (Santander) this year:
10/01 - 8/02 - 8/03 - 12/4 - 8/06 - 10/7

GalacticaActual

The Premium Bonds prize fund rate will increase again in September, to the highest level since March 1999.

• Premium Bonds prize fund rate increases to 4.65% from September draw – highest level since March 1999, adding £66 million to the prize fund
• Premium Bonds odds to improve to 21,000 to 1 from 22,000 to 1 – their best level since the April 2008 prize draw

Millions of NS&I customers to benefit from interest rate increases across variable products | NS&I Corporate Site (nsandi-corporate.com)

NS&I increases interest rates again including Premium Bonds rate – millions to benefit from another rise (msn.com)

Eirambler

A sizeable enough increase, good to see. Was considering ditching them, moving the funds into my Tandem account and just accepting the tax implications (I've already got as much as I can have tax free in regular savings), but I'll probably just keep the bonds now. 

I think 4.65% would give an average prize win, excluding the big prizes that you're unlikely to win, of around 3.9%?

Just looking at the prize breakdown, it does seem as though they are maybe working towards phasing out the £25 prizes.

gt94sss2

Eirambler said:

Just looking at the prize breakdown, it does seem as though they are maybe working towards phasing out the £25 prizes.

Years ago, there were no £25 prizes and the odds of winning a prize were 20,000:1

It could be that they are looking at going towards that.

poppystar

The first ever draw had £25 prizes. 

PixelPound

gt94sss2 said:

Eirambler said:

Just looking at the prize breakdown, it does seem as though they are maybe working towards phasing out the £25 prizes.

Years ago, there were no £25 prizes and the odds of winning a prize were 20,000:1

It could be that they are looking at going towards that.

If you look at the increases this year they've increased the non-£25 in the lower third at the expense of the £25, and then increased the £25 in the following rise. 

polymaff

Typically yielding up to 3.72%, worth up to 4.65% basic rate, up to 6.20% high rate.  Other rates up, too. 18/08/2023

https://nsandi-corporate.com/news-research/news/millions-nsi-customers-benefit-interest-rate-increases-across-variable-products