Premium Bond Winner ?

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.

provista_2

2 x £100 on 21k

lr1277

1 x £100 on a 32k holding.

History for last 6 months; all on a 32k holding
Jul 24 £100
Jun 24 £0
May 24 £50
Apr 24 £0
Mar 24 £0
Feb 24 £0
Jan 24 £50

DjangoUnchained

took out most of mine last year, left just £150 in pleasantly won £100 this month (after 8 months of not winning anything.

mandarin6

Wins this year on 16.5k (4 bonds).

January    225
February     25
March       150
April            25
May               0
June            25
July              50

Total £500  approx 3% return.

Hoenir

Jan - £250
Feb - £200
March - £550
April - £150
May - £25
June - £75
July - £75

YTD - £1,325

50k holding