Premium Bond Winner ?

molerat

Our last dry month was Jan 23 so a pretty good run.  Currently our joint rate is at 3.3%. 8 wins this month total £450.

booneruk

I had 2 blank months on FH at the start of the year, but then March came in with £1100! Win some, lose some. 

It'll probably take a mathematician to answer, but how does the 'bad luck' of someone winning nothing on FH for 3 months in a row compare to the 'good luck' of someone winning 10k in the same period.

You'd think chronic bad luck is rife from reading this forum....

Swipe

refluxer said:

Swipe said:

I know of a few other people on here like me that have had three blanks in a row on £50K but has anyone ever had more than that? If I get another blank next month I'll have to assume something has gone wrong with my bonds.

I have a relative who is also clocking up more than their fair share of blank months so far this year so you're both definitely having below-average luck because, if you click on 'see more details' on this site, you'll see that someone on a full holding with average luck would expect to win nothing once every 11 months. This certainly seems to hold true for me, as I tend to win nothing roughly once a year. 

Yes, I've held 50K in premium bonds for a good number of years now and previously always had one or 2 blanks every year but I've never ever had consecutive blanks until this year, even when the prize rate was terrible in recent years.

PeskyBlunder

£350 on a 47K holding. I keep on having to prepare myself for disappointment since I've now had at least 19 wins in a row (on 37K to 47K holding) but my luck seems to be holding out.

WH_Saint

Swipe said:

I know of a few other people on here like me that have had three blanks in a row on £50K but has anyone ever had more than that? If I get another blank next month I'll have to assume something has gone wrong with my bonds.

Hey Swipe - just broke a run of 4 straight blanks on a FH with £125 this month. When you work out the odds you do indeed turn to thoughts like you of "something has gone wrong". I checked my bond record was still correct online but so nearly pulled my money out. £125 is no great shakes but at least today I am re-assured it's nothing more sinister. I hope you don't match me with 4 straight blanks. At £225 winnings over 6 months on a FH I feel like my role on here is to make everyone else feel better about their own luck Congrats to those doing better !

Sunshine_and_Roses

Is there a simple way to work out your monthly/yearly return in a percentage please?  Both myself and OH have FH, this month I have won £125 and he has £100.  Have never won more that £500 in a month between us.  Would be interested to work out our wins compared with interest rates.

auser99

Sunshine_and_Roses said:

Is there a simple way to work out your monthly/yearly return in a percentage please?  Both myself and OH have FH, this month I have won £125 and he has £100.  Have never won more that £500 in a month between us.  Would be interested to work out our wins compared with interest rates.

For monthly, multiply by 12, divide by 50,000 and multiply by 100

So for you, £125 this month, x12 would be = £1,500. Divide that by 50,000 = 0.03, x100 = 3%
For your OH, £100x12 / 50000 x100 = 2.4%

For yearly, use your actually received 12monthly amount instead of the monthly x12 calculation

poppystar

Sunshine_and_Roses said:

Is there a simple way to work out your monthly/yearly return in a percentage please?  Both myself and OH have FH, this month I have won £125 and he has £100.  Have never won more that £500 in a month between us.  Would be interested to work out our wins compared with interest rates.

Add up all returns for the year on the full holding eg say, £1000
Divide by 50000 
Then either press % button on calculator or multiply by 100 to get %

This is tax free but if you want to figure out what it would equate to on taxable savings then for basic rate divide by 8 and multiply by 10 or for higher rate tax payer divide by 6 and multiply by 10. 

So on above example 1000/50000  = 0.02 
0.02x 100 = 2% 

which if you are a basic tax payer is equivalent to 2.5% on taxable savings
Or higher rate to 3.33%

I don’t do it for the monthly amount it is more complicated and more volatile, you’ll find most people here are either quoting a rate for the last twelve months or for the year to date so far. 

Hope that is useful🙂

Beddie

200 notes, biggest ever win for me, £25k holding

MallyGirl

£100 + £50 + £25 this month taking the total to £3,150 in the last year on £46k.
Better than I could get in savings (just) and tax free.