Premium Bond Winner ?

justwantedtosay

Eirambler said:

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

Having only won £100 once I think of that as a big prize, but if you only count the £25-100 prizes that you're likely to win the rate is roughly 3.7% though you 'should' win a £500+ prize every 2.6 years now on a full holding, and a £50 and a £100 virtually every month, which is amazing when you think that this time last year it was every five years for £50 and £100 prizes.

romeo69

I have had 100k invested over the last 12 months, that return has actually given me a 3.34% return; unless my 'luck' changes soon, I will definitely be out.

Sg28

At 3.34% over the last 12 months sounds like you've done better than average. 

What would you have got if you had had that 100k in the top paying easy access for the last 12 months? 

less than 3.34% I would imagine. 

eskbanker

Probably worth just adding that to the existing thread where people share their experiences, rather than starting a new thread simply for that:

https://forums.moneysavingexpert.com/discussion/81778/premium-bond-winner

A return of 3.34% over the last 12 months will be above average though (what were you expecting?), and today's announcement will result in returns improving again....

Ayr_Rage

You must be very special as the holding limit is only £50,000 !

Swipe

Ayr_Rage said:

You must be very special as the holding limit is only £50,000 !

Obviously the OP and their partner

Stargunner

romeo69 said:

I have had 100k invested over the last 12 months, that return has actually given me a 3.34% return; unless my 'luck' changes soon, I will definitely be out.

Have you forgot that the Bank of England base rate was 1.75% in August last year.

EthicsGradient

You've  done  better than average.

Historical interest rates | NS&I (nsandi.com)

The rate given there includes the top prizes; as discussed on another thread, those are extremely unlikely to be won, and you can take off a few tenths of a percentage point to get what you're likely to get in a year. 3.34% is above the 2.7% weighted average for the months of the past year; so you've done very well.

That, of course, has no bearing on what happens next.

housebuyer143

Stargunner said:

romeo69 said:

I have had 100k invested over the last 12 months, that return has actually given me a 3.34% return; unless my 'luck' changes soon, I will definitely be out.

Have you forgot that the Bank of England base rate was 1.75% in August last year.

My husband secured a 1 yr fix at 4.51% in Oct last year (wished I got in on that), so potentially a better return could have been had, but in the scheme of things over the year 3.34% is alright.

PixelPound

housebuyer143 said:

Stargunner said:

romeo69 said:

I have had 100k invested over the last 12 months, that return has actually given me a 3.34% return; unless my 'luck' changes soon, I will definitely be out.

Have you forgot that the Bank of England base rate was 1.75% in August last year.

My husband secured a 1 yr fix at 4.51% in Oct last year (wished I got in on that), so potentially a better return could have been had, but in the scheme of things over the year 3.34% is alright.

If your using PB for savings return, usually better elsewhere (though that's been debated plenty of times).

Maybe too many people expect themselves to be luckier than average?