Premium Bond Winner ?

lr1277

2 x £25 on a 32k holding.

jaceyboy

Youve done very well i'd say, I also had a £100k and won just over 1.5% over 18 months! pulled them out and put into 5% instant access now

PixelPound

justwantedtosay said:

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.

The chance of winning a £50 prize or a £100 prize was 65,000 to one for each in August's draw. These odds have improved to roughly 50,000 to 1 for September

98.640% of the prizes for September are £100 or less, this is down from 98.775% in August's draw.

So in September you are more likely to get a prize (21,000 to 1) and whilst there is slightly better chance of getting a bigger prize under £1M than before it's most likely it will be a small prize (£100 or less), but its more likely to be £100/£50 than £25.

EthicsGradient

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.

The PB prize rate went up from 1.4% to 2.2% in October, after interest rates jumped. And PB prizes are tax-free - for a higher rate payer, 4.51% (if the PSA is already used) is equivalent to about 2.7%. 

35har1old

nic_c said:

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?

Like this months millions winners 

abgrad

Argh, I know I said I was going to take some money out and put it in an ISA this month… well I’ve not done that yet 😂. I’m just being rather lazy and uncertain like I am about many things including whether to even sell my flat 😂 

Anyway, I found the MSE calculator that calculates how much you would earn from a savings account based on your tax band (basic, higher etc) and now I can’t find it again. Can someone please link me to it? Thanks! I wish there was a page that showed all the MSE calculating tools. 

So, I have some money in savings that I will move into an ISA since I don’t really have one now. I do have a LISA but I feel it doesn’t really count! Then, after September draw I will probably withdraw enough to get my tax free interest but I will also consider withdrawing much more even if I have to pay interest on it as I don’t seem to be that “lucky” at the moment. I feel I should try a bit harder to get my money to work harder like setting up some regular savers too. 

eskbanker

abgrad said:

I found the MSE calculator that calculates how much you would earn from a savings account based on your tax band (basic, higher etc) and now I can’t find it again. Can someone please link me to it?

Perhaps you're thinking of the table shown in the MSE premium bonds article?

https://www.moneysavingexpert.com/savings/premium-bonds/#tips-7

Their analysis is a bit of a blunt instrument in that they only consider all interest as being outside the personal savings allowance (so simply involves deducting 20/40/45% from the gross return), whereas in reality it's likely to be more nuanced than that for many.

MallyGirl

£175 on £46K this month.

January               £200

February             £175

March                  £50

April                    £200

May                     £100

June                    £250

July                      £200

Aug                      £175

abgrad

eskbanker said:

abgrad said:

I found the MSE calculator that calculates how much you would earn from a savings account based on your tax band (basic, higher etc) and now I can’t find it again. Can someone please link me to it?

Perhaps you're thinking of the table shown in the MSE premium bonds article?

https://www.moneysavingexpert.com/savings/premium-bonds/#tips-7

Their analysis is a bit of a blunt instrument in that they only consider all interest as being outside the personal savings allowance (so simply involves deducting 20/40/45% from the gross return), whereas in reality it's likely to be more nuanced than that for many.

Thanks for your reply  
I found it again, it’s this…
https://www.moneysavingexpert.com/savings/savings-calculator/

DJSINGH

Anyone winning much on a holding around 15-20k?