Premium Bond Winner ?

RemcoD

£50 on 6k holding.

patgarrett

Nothing on full holding. Going to pull them out and earn some interest. 

Yellowman

Only two draws so far on a first time holding of £2,000

Jan - £25 prize
Feb - £100 prize

Beginner's luck or some form of NS&I weighting to keep me interested?

techno12

My sister just messaged me to say she's won £5k.

She's got a £10k holding, had it for 6 months. Won £100 in December too.

I'm a tad jealous lol

stuartp2000

I put 5,500 in at xmas so total holdling is now 6,500.

The 5.5k was eligible for the Feb draw in which I won £25.00 so quite happy with that as few years ago I had 5k in for about a year and never won a thing.

Ivkoto

https://youtu.be/q1EcrlFiwP4?si=vqbwuq6BOrMmPB5S

stuartp2000

Ivkoto said:

https://youtu.be/q1EcrlFiwP4?si=vqbwuq6BOrMmPB5S

It's personal choice.

If I put my money in the bank I can earn 5% but already have other savings so will pay tax on interest, I pay 40% tax and am reluctant to give up more of my income to HMRC.

If I put in an ISA its may grow at what 8% but it might lose value, I have funds going to ISA for investments.

If I pay off the mortgage the money is gone and I cant get back for an emergency if needed (I am in over pay the mortgage challenge).

If I put in the pension it again is held up for 15 years (Time until I require it)

So balance is, I do all of the above and month investing in premium bonds is where some savings that are easily accessible and that I don't want to earn interest on for tax purposes.

As with most things it's personal choice and as long as you do research and do what it right for you then really other peoples views / opinions count for little. 

ps I do watch all of James You Tube videos so had seen this one.

Primrose

I think you're doing the best you can.  You've researched all your options and come up with the best compromise which works for you. The finsncial world is too complex for us to get a perfect solution every time.  At least you,re not smoking, gambling or otherwise frittering your precious savings away!

Dave1979

£500 on a £15k holding this month. Working out about an equivalent of 10% interest in the last 12 months

happymum37

£75 on childs £7k holding
0 on other child £7k holding
0 on £17k ours

Worst month in a while