View Full Version : Premium Bonds Questions and Answers / Winners and Losers
Anyone know what time of the month the draw takes place? :shrug:
Cheers.
cjanderson
17-09-2005, 13:00
1st i think. results go up on the website from 2nd or so.
Not won anything yet :(
Cheers, me neither but I live in hope.... ;)
cjanderson
17-09-2005, 13:06
Also, if you buy on 1st of say September, your bond won't go into the draw until the month following you having it for a full month - ie 1st November.
Yes I knew that as I picked some up the 18th of last month and it explained with all the gubbins that came with them. :thumbs:
SpankySpanky
17-09-2005, 13:43
IIRC, isn't it next month when they start paying 2 x £1 million prizes each month?
Started the 1st of August.
DeadKenny
17-09-2005, 17:09
I've had bonds since I was born. £9's worth my parents bought me. Was probably a fair bit in those days.
Never won anything over 32 years :(.
I have a couple bought for me when I was born - 30+ years ago. Won nothing. :shrug: Bought some last year - won the following draw. :clap: Bought some more a couple of months ago - won the following draw. :clap:
Have heard it said that you increase your chances of winning by cashing in your bonds and buying new ones, although you miss two draws when doing so. :suspect:
And I play the lottery. :dork:
Ragnarak
17-09-2005, 17:43
As i'm getting given a fair bit of money when I start my PhD i'm going to stick a bit in premium bonds then the rest in an ISA.
I had my first draw this month and won £100!! Cheques come through about this time of the month.
Ragnarak
17-09-2005, 20:30
I had my first draw this month and won £100!! Cheques come through about this time of the month.
Is it ok if I ask how many you had or was it a lucky draw? My gran seems to win about £50 a month but i'm not sure if she's just lucky.
Surely some maths nerd out there's done some kind of analysis of how many premium bonds someone has and the amount they've won over time.
I have 10,000. I think the average interest rate they claim to give is 3.2, so on that I should win £320 a year. So, I don't expect to win again until about Xmas if the predictions are exact. The missus got £100 from just 600 within a year. Some people just seem more lucky than others.
I've only given it a whirl because it seems more tax efficient than a lot of investments. I am going to see how it goes over the next 6-12 months. If return is quite good, more may go in, if not, I will have to reevaluate.
I've got £500's worth and I've won a £50 prize so far. Not sure how long I've had them tbh - 2-3 years ish.
my sibs and i have all won back the value of our bonds.
That being said, after that we won nowt!
cloudchaser
18-09-2005, 08:42
I put some of the stooz money I got on a 0% interest card deal into Premium Bonds. Over a 9 month period if I get even some money I will consider myself lucky ;)
BigDonut
18-09-2005, 09:02
Have heard it said that you increase your chances of winning by cashing in your bonds and buying new ones, although you miss two draws when doing so. :suspect:
I know of someone who does this but can't see the benifit. All bond numbers for prizes are picked at random from the set of issued bond numbers. Therefore you have no more chance but miss two draws
When we were saving up heavily for our house extension a few years I thought to myself "Shares, ISAs or Prem Bonds ?". Took a punt and bought just under 20Ks worth of Bonds and held them for 2 years until the work was finished. Only won 3 or 4 x £50's so didnt exactly win the fortune I was hoping for, but then again would have lost nearly half had I have gone for the shares instead.
Around the same time my mate bought a grands worth and within 6 months had trebled his money.
A friend has got 20,000 in I think and He gets something more times than not over the year.What Im considering is to put something like 20,000 in but wondering whether I am likely to get better payment from a good interest account than I will from Premium Bonds.With the Premium Bonds then there is the ability to win the 1 million which is drawing me towards the Premium Bonds.
cjanderson
18-09-2005, 09:29
well your risk is that you don't earn interest at all - you could get 5% on a savings account (4% post tax) which would mean getting £800 a year interest i think.
With premium bonds, on average you get about 3% but it could be more or less.
So depends on your attitude to risk. Once I've got 2k in there I'll stop. better value to pay off my mortgage every month now.
well your risk is that you don't earn interest at all - you could get 5% on a savings account (4% post tax) which would mean getting £800 a year interest i think.
With premium bonds, on average you get about 3% but it could be more or less.
So depends on your attitude to risk. Once I've got 2k in there I'll stop. better value to pay off my mortgage every month now.
The more you have in there the higher chance you get a payout.Its a risk whether a come out on top or I loose some interest.Guess I'll check out www.moneysavingexpert.com to find out which is the best paying current account or saving account.
cjanderson
18-09-2005, 09:51
The more you have in there the higher chance you get a payout.Its a risk whether a come out on top or I loose some interest.
strictly not true, each bond has the same chance.
But, if you just had £50 in, it would probably take you years to get back a £50 prize (or you'd win £50 right away and have a 100% return). If you have £20k in there, you are more likely to see the £50 prizes more often, so the actual winnings tends towards the 3.2% return more.
strictly not true, each bond has the same chance.
But, if you just had £50 in, it would probably take you years to get back a £50 prize (or you'd win £50 right away and have a 100% return). If you have £20k in there, you are more likely to see the £50 prizes more often, so the actual winnings tends towards the 3.2% return more.
Is it just one bond then that gets put in the draw?I thought if you got £20,000 then more enteries were put in than if you had just £50.If it is just one no matter what then there is no increase in probaility in winning in my eyes.
Ragnarak
18-09-2005, 10:07
strictly not true, each bond has the same chance.
Huh? What he said was correct and so's the second part of your sentence. Each bond has an equal chance and the more bonds means a greater chance of winning.
cjanderson
18-09-2005, 10:12
Huh? What he said was correct and so's the second part of your sentence. Each bond has an equal chance and the more bonds means a greater chance of winning.
Ah, yes, sort of see what he is saying. Yes, more likely you will get a payout, but in the long run, you'd expect to earn the same return (3%) when averaged out.
Ragnarak
18-09-2005, 10:28
Do you have any idea how they arrive at that 3% and if they derive it statistically what kind of error and standard deviation are associated with it?
Arthur Fowler
18-09-2005, 16:50
Is it just one bond then that gets put in the draw?I thought if you got £20,000 then more enteries were put in than if you had just £50.If it is just one no matter what then there is no increase in probaility in winning in my eyes.
£20,000 = 20,000 entries in each monthly draw.
£50 = 50 entries in each montly draw.
I've just bought £2,500 which will go into the November draw. Decided that I fancied becoming a millionaire without much risk ;) , so going to try it for a year or so. If it doesn't go well, will probably use it to pay off some mortgage.
Got £100 worth a couple of years ago and have so far won two £50 prizes, so it's paid for itself. Added another £200 a few months ago.
This thread has finally made me get off my arse and buy some.Ive applied for some and will go into the November Draw.Will give it a try for a while.
Thanks to Catherine for her advice as well-credit where credits due.Told her we should call her the Martin Lewis of thedvdforums.com.
If anyone doesnt know about it then www.moneysavingexpert.com is excellent for finding the cheapest and best things out there.
cjanderson
18-09-2005, 18:39
No problem, glad to be of help.
I put in a lump sum plus you can now invest monthly very easiliy. So have been doing that for a bit.
Million times better than playing the lottery.
You can also set something up whereby if you do win, it automatically gets reinvested back into premium bonds iirc. For those who have won back their money, that's good going, I wouldnt say no on 10k
John Murray
18-09-2005, 19:21
Already had 3 wins this year! (all only £50 though...)
Got £6K worth of bonds and buying £200 more every month, coz I've already used up my ISA limit for this tax year.....
Arthur Fowler
03-11-2005, 16:58
1st i think. results go up on the website from 2nd or so.
Not won anything yet :(
I got some bonds to go into this month's draw, but the website is still showing October only.
Yes, I know I'm impatient, but I want to know if I've won £5! :nuts:
cjanderson
03-11-2005, 17:00
I got some bonds to go into this month's draw, but the website is still showing October only.
Yes, I know I'm impatient, but I want to know if I've won £5! :nuts:
apparently the site is updated so would show a Nov win, but the text has not been yet.
IndigoLion
03-11-2005, 17:06
I have £500 worth and have won twice in the last 3 years so my bonds are punching above their weight at the moment with regards to odds.
EDIT - Both were £50 prizes - good old ernie!
Arthur Fowler
03-11-2005, 17:10
apparently the site is updated so would show a Nov win, but the text has not been yet.
So I haven't won anything :shrug: , not even a million from my £10 investment :mad:
Have to wait until next month then I guess. :(
I got some bonds to go into this month's draw, but the website is still showing October only.
Yes, I know I'm impatient, but I want to know if I've won £5! :nuts:
I can answer that for you: You haven't won £5 and you never will. The minimum prize is £50 :)
So I haven't won anything :shrug: , not even a million from my £10 investment :mad:
Are you having a problem with the zero key on your keyboard today? The minimum investment is £100 unless you invested donkey's years ago ( in which case you wouldn't have bought your bonds to go into this month's draw) :suspect:
Little_Dragon
03-11-2005, 18:09
Got mine on 11th October, so I wont be in the draw till December 1st? :cry:
I have £13 worth that were apparantly a Christening present. I won £50 when I was about 13 (now 33) which was a lot of money at that age.
I have £20,000 in premium bonds and have won £500 this year (£50 this month). Hopefully next month it will be a million :thinking:
Arthur Fowler
03-11-2005, 19:24
Are you having a problem with the zero key on your keyboard today? The minimum investment is £100 unless you invested donkey's years ago ( in which case you wouldn't have bought your bonds to go into this month's draw) :suspect:
I was playing with a little poetic licence rather than stating the actual sum involved. I put in about £2,000 in September.
Oh yes, and I have a £1 bond from 1967 that hasn't won anything ever!
Don't lose hope as check out the lucky person from the Isle of Wight!
http://www.nsandi.com/products/pb/winnerlist.jsp
I was playing with a little poetic licence rather than stating the actual sum involved. I put in about £2,000 in September.
ah, now I understand :) I got another £2,500 worth in August and still haven't won **** all ever so don't get your hopes up too much just yet :)
i got £500 as a child but am i right in thinking that for children they actually earn a little bit of interest? either that or someone sneaked in a bit more (it certainly wasn't me!!) and i have around £1100 now. i seem to win £50 or £100 about 2 years out of every three and it's a lovely wee surprise when the letter comes through the door. last year i was really broke and was considering cashing them in, but then i thought... "no, it's not as if it's money i've saved myself and i miss, i'd rather have the chance of winning a million - i'll just budget better".
one day when i do have spare cash i will buy some more. :) they have worked out well for me so far
Arthur Fowler
04-11-2005, 09:05
i got £500 as a child but am i right in thinking that for children they actually earn a little bit of interest?
No, I don't believe so. NSI (same organisation) do savings schemes, but no interest on Premium Bonds (they are the same whether the investor is a child or adult).
Awesome3d
04-11-2005, 09:05
Had a quick look at the winners list - well done the Glasgow winner - wish it was me!!
Quick question
Prize value £1,000,000 - winnnings
Winning Bond number 77AG357431 - bond number!!!
Total value of holding £26,000 - is that the total of all the bonds held by this person?
Area Glasgow
Value of Bond £500 - ??????
Date purchased Jun-03 -
The value of their winning bond is £500. Does that mean they paid £500 in one go?
If they add to it with another £500, would that be a separate bond?
Bit confused.
Jan
Wish I hadn't looked at that now. It is a bit disheartening to see so many winners that have the maximum £30000 holding. I suppose the saying money goes to money is true!
Still the Isle of Wight winner give me hope for my £250 holding!! Hope I dont need to wait 49 years for it though. (I do realise it may not be his first win!)
cjanderson
04-11-2005, 09:55
Well every bond has the same chance of winning so its more likely you will see people with £30000 in holdings winning than ones with £100.
£500 would be the bond bought at one time. I think i get a £100 bond every month and have a few £1 ones as well. And a £1000.
Don;t think it matters if you hjave £500 in one bond, still has 500 different numbers, just an admin thing.
Yeah, depending on how many you buy they'll give you bonds of various values each with a range of numbers. So a £500 bond is a single piece of paper that covers 500 premium bond numbers so 500 entries in the prize draw. For my 2.5k the other month I got 3 bonds, 2 for £1k and 1 for £500. I'd imagine the smallest bond they issue today is the £100 one since that's the minimum investment.
Awesome3d
04-11-2005, 10:40
Ok - I get it now.
Thanks. :thumbs:
I've set my bonds to automatically reinvest. So if i win anything under £5000, they don't send me a cheque just a bond for the winning amount.
It will then go straight into the next draw without having to wait a month to qualify.
I had a couple of wins of £50 and one of £100.
Andrew70
04-11-2005, 14:07
When you buy bonds, you get sent a certificate with bond numbers on.
The numbers run consecutively so you are effectively buying blocks of bond numbers with every purchase.
When you win, they tell you which bond number won the prize for you. I like to check mine to see what size bond did the deed and when I'd bought it.
Invariably it's the larger bonds that win the prizes for me but as others have said, each bond has an equal chance of winning so there is no advantage to having one large block of numbers over several smaller blocks.
ah, now I understand :) I got another £2,500 worth in August and still haven't won **** all ever so don't get your hopes up too much just yet :)
:clap:
I formally withdraw the above message :) Tonight I came home from work to find a letter from Glasgow containining a cheque for a £100 win that one of my August bonds won me :notworthy
Arthur Fowler
12-11-2005, 10:05
:clap:
I formally withdraw the above message :) Tonight I came home from work to find a letter from Glasgow containining a cheque for a £100 win that one of my August bonds won me :notworthy
Well done Dave. Don't you check online to see if you've won occasionally?
Well done Dave. Don't you check online to see if you've won occasionally?
Nah, it's more exciting waiting for the post to arrive :)
What do you do to check online, just put your holder's number in?
cjanderson
12-11-2005, 10:52
Nah, it's more exciting waiting for the post to arrive :)
What do you do to check online, just put your holder's number in?
Yep,
http://www.nsandi.com/
And just type in your number to the right hand side. with autocomplete on it does it automatically for you every month.
Still not won with my £2k investment, ah well. odds are that i will win something some day.
Cheers CJ. Just read the back of one of the bonds and found that web address... that's my problem you see, I never read anything :)
It confirmed my £100 win but sadly I now know not to rush home on Monday to check for further wins this month :(
no win her either this month
maddogsuk
12-11-2005, 15:09
I put some in after reading this thread, November was my first draw and just checked on the web site and I've won nowt. Decembers will be mine...
nigel_williams
12-11-2005, 16:29
Just bought more myself, just hope I get lucky!
Good luck everyone :)
Just thought, I said before that the smallest bond available now is £100 but you have the option to automatically re-invest any winnings. So there are £50 bonds still being issued (minimum win) it's just that you can't buy one that size.
DeadKenny
12-11-2005, 19:31
You can get £50 minimum if you set up a standing order.
Just done a new "investment", but going by past history I stand to win nothing as usual. I wonder how many actually win enough to make it comparable to the interest on a savings account? Oh well, I'll give it a go as it's another investment and it's wise to spread them about.
nigel_williams
05-01-2006, 13:20
Yay! Just won £50
Arthur Fowler
05-01-2006, 13:28
Nice one Nigel. Nothing for me again this month :(
Andrew70
05-01-2006, 13:29
Strange. Normally if you hear from them this early in the month the prize would be bigger. My last three lots of £50 arrived on 13th, 11th and 10th.
Strange. Normally if you hear from them this early in the month the prize would be bigger. My last three lots of £50 arrived on 13th, 11th and 10th.
http://www.nsandi.com/products/pb/haveYouWon.jsp?section=haveYouWon&holderNumber=xxxxxxxx-xx&name=check
Replace the x's with your holder number and it'll tell you if you've won on or around the 5th of each month.
cjanderson
05-01-2006, 13:32
I've still never one :(
my 2k is lacking winning luck. ah well, well done to all the winners in this thread.
Arthur Fowler
05-01-2006, 13:43
http://www.nsandi.com/products/pb/haveYouWon.jsp?section=haveYouWon&holderNumber=xxxxxxxx-xx&name=check
Replace the x's with your holder number and it'll tell you if you've won on or around the 5th of each month.
Nice one Iluz, I've been hand typing in my number each time I've wanted to look, didn't realise I could just shove that in faves with my number pre-filled. :thumbs:
nigel_williams
05-01-2006, 14:55
Strange. Normally if you hear from them this early in the month the prize would be bigger. My last three lots of £50 arrived on 13th, 11th and 10th.
I checked my number on-line, so I suppose it's a quicker notification than sending letters.
I won 2 prizes this month 1 of £50 and 1 of £100. Woo hoo
I had 2 £50 wins in December, So I'm not expecting another win in 2006!
I had £50 last month to go with my £100 from November :)
Don't have my holder number to hand to check online but I'd rather not know anyway as it gives me something to look forward to for the first couple of weeks each month :)
Won £50 last month which was the 2nd month been in it.I have got £15,000 in though.
Arthur Fowler
03-02-2006, 08:58
This month's draw is up on the website.
Nothing for me again :(
Just won 4 x £50 :thumbs:
Arthur Fowler
03-02-2006, 09:13
Just won 4 x £50 :thumbs:
Nice one :)
I won 2 prizes this month 1 of £50 and 1 of £100. Woo hoo
And the same again this month! :eek: :clap:
Dxfatass
03-02-2006, 19:30
Just won 4 x £50 :thumbs:
Damn, and here I was being happy with my 2 x £50 :oh-hum: :D
My only other £50 was in August, so these winnings are very welcome. I was beginning to think of withdrawing my lot. With this win I think I'll leave my £8k a little while longer.
And the same again this month! :eek: :clap:
Are you sure your not looking at same month? It always shows last 6 months prizes. Hope your not
Little_Dragon
04-02-2006, 02:31
Am I the only one thats only got £100 in then?
My mother has has £3 in since the 50's and never won anything
BaggyDave
04-02-2006, 07:39
£3 is not alot though minimum is £100 to start up these daysI had £100 in but set up a standing order of £50 a month still not won anything since November though :( I live in hope !!!
Am I the only one thats only got £100 in then?
You should win on average one prize per 20 years :clap:
cjanderson
04-02-2006, 14:27
This month's draw is up on the website.
Nothing for me again :(
nor me, have about 2k in now since last summer so statistically not expecting much for a year or so.
will have to check, won 50 last month
Just won 4 x £50 :thumbs:
Same again this month :clap: :clap:
Arthur Fowler
03-03-2006, 08:22
Same again this month :clap: :clap:
Nice one. Have you got a big sum in there (if you don't mind me asking)?
Nothing for me again :(
Nice one. Have you got a big sum in there (if you don't mind me asking)?
Nothing for me again :(
I have the full amount.
I put some cash in and this was my first month entering the draw and I won £50!
Yippee!!!
Dxfatass
03-03-2006, 10:53
I've won £50 again this month, making £150 over the last two draws and £200 total since I believe July, maybe August. So I'm quite happy.
Surprisingly my Dad (who has a far bigger stake then I do) hasn't won anything since October. So I think he's not quite so happy...
I have £1500 for the last 5 years and never won a penny :(
Arthur Fowler
03-03-2006, 11:44
I have £1500 for the last 5 years and never won a penny :(
Wow - that's pretty bad :(
Arthur Fowler
05-04-2006, 12:06
April's draw up now. I got my first win £50 :thumbs:
I also got £50 this month.
nigel_williams
05-04-2006, 12:31
Nothing :(
BarefootJamie
05-04-2006, 15:17
£50
cjanderson
10-04-2006, 18:45
hurrrah, my first win ever!!!!!!! £50. on an investment of £2k, built up over last 8 months. So am a happy chappy.
And that will teach me to check on the 1st and think I have won nothing, it said March winners but it usually shoes April results.
Hurrah :clap:
It updates the wins online on the 4th or 5th of the month for future ref.
You can see if you have won a prize of £5k or over on the 1st of the month otherwise it is 3 working days into the month when you can see any other prize. On this occassion for April that was the 5th.
How do I go about setting up a Holders number and change details ?
I think I have a £5 bought when I was a kid, its probably at my parents house with their address. Do I need to contact someone with that bond number to get any details so I can buy more ?
Any help would be great.
Oh ... never won anything off that £5 though
cjanderson
11-04-2006, 09:15
http://www.nsandi.com/products/pb/index.jsp
I had to find my old premium bonds (£5 from when i was 3 or so) and then send them off and have the address updated. Now when i buy any, i quote my holder number so they all are registered to the same person. But i don;t think you have to do that, just makes it neater. You could just start buying them afresh and sort out the old ones later.
cheers markr: i knew there was some reason I kept checking early, but shall now check later in the month :)
Cheers CJ, just presumed you'd need to get all the old ones in order first so they could cap you on the £20,000 limit.
Erm .... not that I've got £20,000 to invest ... not even £19,995
Limit is now £30K, just to reduce the odds for us poorer souls of winning!!!!
nigel_williams
04-05-2006, 11:20
It's that time again.... Draw for May now on-line.
And I won 50 quid this month.
Dxfatass
04-05-2006, 14:34
Won £50 this month :thumbs: Unfortunately not enough to cover my casino loses this week, but it helps. I bought another £400 worth at the end of April, so with this win my holding for the next drawn is over £9,000.
My Dad is considering selling his bonds, he has over well £10,000 and has only won £100 since June. He's not too impressed with that.
nigel_williams
04-05-2006, 16:40
There's no guarantee of a win. To make it worthwhile you'd need at least 5 wins at 50 quid on 10,000 (as a higher rate tax payer).
I just bought my first £250 of Premium Bonds a few days ago. Which is kinda silly after reading this thread as it won't get included in the draws until July. :doh:
You always have to wait 1 full month after purchase so you always miss out on 1 draw effectively. The only way around this purchasing and not missing a draw is to set up an account where you buy a set amount each month.
Also if you fill in the forms to say any winnings you get automatically become more bonds.
Just had my first win (£50) off a £2 which i had bought as a christening present some 32 years ago.... :D
Had my £50 delivered today from the June draw. That's been £350 since October so far from £10k
August's results are now online.
Little_Dragon
02-08-2006, 22:35
Anyone else's bookmark stopped working, mine did couple of months ago, and I now have to type in my holders number every month.
Arthur Fowler
03-08-2006, 08:42
Anyone else's bookmark stopped working, mine did couple of months ago, and I now have to type in my holders number every month.
Yes, mine's stopped working too.
Nothing for me this month :(
2 x £50 for me this month :thumbs:
Do they write to tell you or do you have to go check on the website every month?
cjanderson
03-08-2006, 09:28
they;d write with a cheque (though now i am set up for reinvestment)
my link was working on 1st - i just go to the home page and the number will autocomplete when i click on the check your numbers box.
not checked this month, last win was £50 in April.
nigel_williams
03-08-2006, 09:51
I got 50 quid this month, third win in 14 months.
Stuck 5k in 4 months ago and not a thing yet from 3 draws :(
cjanderson
03-08-2006, 10:12
wish it would stop saying CONGRATS YOU HAVE WON, and its still the April Win. :(
I had a few dry months as well.£50 in April then £50 in July and now £50 in August :clap:
Arthur Fowler
03-08-2006, 11:11
wish it would stop saying CONGRATS YOU HAVE WON, and its still the April Win. :(
Ditto :(
nigel_williams
03-08-2006, 12:10
Stuck 5k in 4 months ago and not a thing yet from 3 draws :(
It took my initial 5K 7 months to win anything. Overall my return is less than 1% of the sum invested, so not that great.
Sparky uk
03-08-2006, 12:44
wish it would stop saying CONGRATS YOU HAVE WON, and its still the April Win. :(
At the moment I wouldn't mind it saying that as I have won a big fat nada so far
maddogsuk
03-08-2006, 12:48
2 x £50 for me this month. That makes £300 for this year. Pleased I am :D
Been doing well in the last 12 months - approx 5% tax free return :)
One thing I've noticed is that I dont' win for a number of months, but when I do, I always get 2 x £50 wins - over 5 or so years it's happened all but one time, when it was £500 :)
I still have a few of the old-style 'manual' bonds - will be checking online to see if someone put them into the system :D
I won in May (£50) and July (£100) but nothing this month!!!
Just chatting about bonds to a colleague, turns out my company produce the bond number generation equipment and he was on the project. Quite random (har har)!
It took my initial 5K 7 months to win anything. Overall my return is less than 1% of the sum invested, so not that great.
And another month with no win :mad: Starting to think this investment was a bad idea :cry:
Arthur Fowler
04-09-2006, 17:07
nictry - this month's don't seem to be up yet, day or two early?
BaggyDave
04-09-2006, 17:14
Prob be up Monday rather than the weekend
nictry - this month's don't seem to be up yet, day or two early?
Shows the following when I enter my holder no. so seems to be updated already?
Have I won?
…not this time — better luck next month
The Premium Bond prize checker shows any prizes you may have won in August and the past six draws, along with any prizes unclaimed from previous draws. We normally update information on prize-winning Bonds by the third working day of each month.
Arthur Fowler
04-09-2006, 17:31
I think you'll find the draw that has just taken place is September.
Shows the following when I enter my holder no. so seems to be updated already?
Have I won?
…not this time — better luck next month
The Premium Bond prize checker shows any prizes you may have won in August and the past six draws, along with any prizes unclaimed from previous draws. We normally update information on prize-winning Bonds by the third working day of each month.Except that we're now in September!
Expect the web site to be updated tomorrow (Tuesday) as that will be the 3rd working day. :thumbs:
Except that we're now in September!
Expect the web site to be updated tomorrow (Tuesday) as that will be the 3rd working day. :thumbs:
:doh: :cuckoo: Oh yeah, I assumed it was prizes for the month of August rather than going forward for September, blimey lucky I just chucked some cash into premium bonds rather than trying to manage my investment with intelligent stock market portfolios :nuts:
I think you'll find the draw that has just taken place is September.
Can I use the excuse that it has been a very long day and I am really tired :brickwall :doh:
nigel_williams
04-09-2006, 22:37
Results are on-line now, I just won £50 in September.... that's 2 months running!
Yep they are and yet another month with no win :(
Arthur Fowler
05-09-2006, 07:09
Nothing this month :(
Only £50 for me this month :)
cjanderson
05-09-2006, 09:09
Nothing for me :cry: :cry:
Ok, bit of a bump for this. I just bought a grands worth of these, I just sent back my signed paperwork, does anyone know how long it will take to get the number back so I can buy more before the end of the month so that the are included Christmas drawing? I want to put another 2k into them and then draw it out to fill my ISA next April if I don't have the spare cash
NS&I are pretty quick so I think you should have them in a couple of days.
BTW 2 x £50 this month :thumbs:
Girlfriend and I have £30k each in Premium Bonds, since January this year.
So far winnings are running at £1200 - not bad, but not great. We decided to leave the cash in there for a couple of years to see how we fare.
cjanderson
18-10-2006, 11:52
30k each :eek: rich man :thumbs:
1200 in 9 months is 1600 in a year so on 60k is 2.66% so thats about what they say you should make, on average i think.
Kryten, i buy mine at start of each month by standing order and get the bonds through around 10th or so. so its quite quick.
Hmm, hopefully I will be able to turn it around before the end of the month then...
30k each :eek: rich man :thumbs:
1200 in 9 months is 1600 in a year so on 60k is 2.66% so thats about what they say you should make, on average i think.
Kryten, i buy mine at start of each month by standing order and get the bonds through around 10th or so. so its quite quick.
Not really, we bought and sold a couple of houses and the money is the profit from them. We are holding it until we want to buy another.
I have one of these that was bought for me as a child (I think its either £5 or £10). My question is, is it still valid and how do I go about seeing if i've won anything (unlikely) and updating my address and stuff assosciated with it as i've moved twice since then lol. Cheers.
sideshowhibs
18-10-2006, 12:51
Hmm, hopefully I will be able to turn it around before the end of the month then...
Should be. We just bought £35K a week ago and the paperwork for both is through.
The money is for an extension but work hasn't started yet - I'm looking to get the Dec draw at least.
Bah, nothing for me this month.
Should be. We just bought £35K a week ago and the paperwork for both is through.
I got the initial paperwork after 5 days that I signed and returned, its more the time for them to send back final paperwork and then how quickly you can buy more (is it instant or the same process again?)
If you call them and pay by debit card then it is instant (I believe).
I want to stick 20k into these as an interim investment. Anyone with similar amounts in premium bonds and have any advice or feedback about returns?
I want to stick 20k into these as an interim investment. Anyone with similar amounts in premium bonds and have any advice or feedback about returns?
Phil - as a no-lose (other than interest) and potential high gain, you have nothing to lose. My Financial Advisor told me that once you stick above £30k in them (max is £30k per person) you should average out about 10% return. I'm nowhere near that, yet.
I say as an interim investment you may as well go ahead with it as the interest you will get back from any "high" interest account will be negligble - as long as your ISA's are up to date.
kjmacphee
18-10-2006, 16:27
Errr ... your Financial Advisor is way off the mark. Premium Bonds pay out 3% on average and that is irrespective of the amount you invest. They are a cowboy to suggest 10% as something to even remotely expect.
However, they are no-risk (as in you get back at least your investment), you could get a high return if you win a major prize and if you are a 40% tax rate payer then you should get back about the same as you would at a decent savings account (around 5%).
Errr ... your Financial Advisor is way off the mark. Premium Bonds pay out 3% on average and that is irrespective of the amount you invest. They are a cowboy to suggest 10% as something to even remotely expect.
However, they are no-risk (as in you get back at least your investment), you could get a high return if you win a major prize and if you are a 40% tax rate payer then you should get back about the same as you would at a decent savings account (around 5%).
I understand what you are saying, but, surely a cowboy gets some gain from giving advice - Premium Bonds aren't sold through financial advisors.
kjmacphee
18-10-2006, 17:03
I understand what you are saying, but, surely a cowboy gets some gain from giving advice - Premium Bonds aren't sold through financial advisors.
You're right. I'm just extremely surprised that an FA is bandying around returns of 10% when they really should know that the stated average is 3%.
cjanderson
18-10-2006, 18:14
You're right. I'm just extremely surprised that an FA is bandying around returns of 10% when they really should know that the stated average is 3%.
yep, he is talking ********.
http://www.nsandi.com/interest-rates/index.jsp
currently 3.15% "interest"
think i am on £50 win for £2000 invested for about a year. So not a good rate for me but happy to stick more money in.
CrumpetMan
19-10-2006, 07:42
once you stick above £30k in them (max is £30k per person) you should average out about 10% return. I'm nowhere near that, yet.
How can you stick above £30k in them when the maximum is £30k?
You have more chance of winning something the more bonds you have (just like if you buy multiple lottery tickets) but as has been said, the return is nowhere near 10%.
I think he means his partner so he's saying he has more than £30k himself as some are under them? He say's he has a total of £60k with half being under his partner.
kjmacphee
19-10-2006, 08:46
...
You have more chance of winning something the more bonds you have (just like if you buy multiple lottery tickets) but as has been said, the return is nowhere near 10%.
That's true ... but the average return is still 3.15% (thanks cjanderson!) regardless of whether the holding is £100 or £30k.
CrumpetMan
19-10-2006, 10:17
I think he means his partner so he's saying he has more than £30k himself as some are under them? He say's he has a total of £60k with half being under his partner.
But then whatever you get is divided by 2 so even if the return was 10%, it would then be 5% per person.
neilalford
19-10-2006, 10:21
But then whatever you get is divided by 2 so even if the return was 10%, it would then be 5% per person.
:?:
The return, as a percentage, is the same regardless of whether it's one person or 50 people and regardless of whether they have £1 each or £30,000 each. So an expected return of 3.15% (apparently) no matter how many people and how many premium bonds.
cjanderson
19-10-2006, 10:23
:?:
The return, as a percentage, is the same regardless of whether it's one person or 50 people and regardless of whether they have £1 each or £30,000 each. So an expected return of 3.15% (apparently) no matter how many people and how many premium bonds.
in fact, the higher the amount you have, the more likely it is to confirm to the 3.15% as all those £50 aren't a large proportion of your total shareholdings.
Some financial advisors don't half talk crap sometimes, if he doesn't even understand premium bonds, i dread to think what sort of more complex products he has advised on.
neilalford
19-10-2006, 10:43
in fact, the higher the amount you have, the more likely it is to confirm to the 3.15% as all those £50 aren't a large proportion of your total shareholdings.
Doesn't seem a particularly good return to me, even for someone who's at the 40% tax rate, there seem to be a few accounts round that will pay a higher return after tax.
And presumeably that 3.15% is skewed upwards by the one or two people who win a really big amount each month, so unless you're lucky enough to win that the actual regular rate of return is going to be slightly lower again. That's assuming that the figure of 3.15% is based simply on how much they pay out in total each month compared to the total amount invested, rather than being a more complicated calculation.
As an example of what I mean, assuming 10,000 people each with £1000 invested, over a year they all win £50 (5%) except for one person who wins £50,000 (5000%) which would push the average return up to 5.5%, whereas most investors wont actually get that level of return. Or does the 3.15% figure take that skewing into account?
cjanderson
19-10-2006, 10:46
the 3.15% takes into account that someone gets 1m and therefore gets a HUGGGGEEEEE % return.
is it a good account?
well you could get 5.3% taxed elsewhere (so 3.18% net of 40%) so its the same, but one you have the chance of £1m.
or reg savers pay 12%, i'm doing that as well with £250 a month.
and paying off your mortgage is a better deal if thats 5% interest saved.
but its just risk free fun, just risking the loss of interest.
but its just risk free fun, just risking the loss of interest.
This is how I see it, I am not "investing" as such in premium bonds, just having some fun with some spare money at no risk other than losing a few quid in interest with the potential to make that back and more if I am lucky (which knowing me I will not be :( ).
cjanderson
19-10-2006, 10:51
This is how I see it, I am not "investing" as such in premium bonds, just having some fun with some spare money at no risk other than losing a few quid in interest with the potential to make that back and more if I am lucky (which knowing me I will not be :( ).
also, what people don;t get is, they say its not worth bothering with, but we have still "saved" £250 a m,onth and not spent it. Thats far better than not saving £250 a month, whether its paying interest or not.
sp yeah to all us savers. Big claps :notworthy
When should I invest to take part in the anniversary draw?
Invest now! To give yourself a chance of winning one of the five £1 million jackpots in the December anniversary prize draw, you’ll need to buy your Bonds by 31 October at the latest. But why wait? Even in our normal monthly draws we pay out two £1 million jackpots to lucky winners, plus over a million other prizes.
Going to get mine in before the 31st!
sideshowhibs
19-10-2006, 11:14
My brother has just bought £100 v's our £35K and is convinced he'll win more than us in the Dec draw.
Sad thing is, he probably will
also, what people don;t get is, they say its not worth bothering with, but we have still "saved" £250 a m,onth and not spent it. Thats far better than not saving £250 a month, whether its paying interest or not.
sp yeah to all us savers. Big claps :notworthy
Exactly what I am doing. Its a risk free investment that I dont mind losing the interest for plus its alot better than the gamble route which your gonna lose your stake :) Then after a year or so, Ill pull out what I have saved and use it against to pay off a little bit of the mortgage.
Bellaggio
19-10-2006, 11:41
do cheques automatically come through for the large prizes or do you have to "claim" them?
I've got £25k in bonds at the moment and have won £550.00 since investment. I don;t check the numbers monthly under the assumption that any winnings will be sent by cheque, even the elusive $1mm one.
Andrew70
19-10-2006, 15:51
You can have every prize cheque sent to you or you can reinvest. If you choose the latter they'll do it automatically up to a certain prize size. Anything higher and they'll get in touch to ask you what you want to do.
When should I invest to take part in the anniversary draw?
Invest now! To give yourself a chance of winning one of the five £1 million jackpots in the December anniversary prize draw, you’ll need to buy your Bonds by 31 October at the latest. But why wait? Even in our normal monthly draws we pay out two £1 million jackpots to lucky winners, plus over a million other prizes.
Going to get mine in before the 31st!Any bonds purchased up to the 31st will not qualify until the December draw as you "lose" the first whole month. The most efficient way to buy is at the Post Office on the last working day of the month & pay by cheque. You are then deemed to have puchased in that day but you get a few more days interest from your bank before the cheque clears.
No point whatsoever in purchasing mid-month.
Well finally got around last October to getting some premium bonds after thinking of doing it for a few years and had them around a year.I think they went into the November 05 draw.I think so far only had 3 months when didnt get something.1 month I got £200 but its £50 other months.
At the same time last year I put the same amount into an ING direct savings account which has a drop feed of £100 a month going in on top of the inital deposit.Initally started off with 15,000 and put 1,500 extra in one month but other than that it just drop feeds £100 a month.Last Month I got £57 interest and had £577 paid in interest so far this year.
Also put 15,000 in premium bonds and come out with over £500 in prizes this years so it is pretty much the same rate really but with premium bonds then you have a chance of winning that £1 million prize.
neilalford
25-10-2006, 12:45
And presumeably that 3.15% is skewed upwards by the one or two people who win a really big amount each month, so unless you're lucky enough to win that the actual regular rate of return is going to be slightly lower again. That's assuming that the figure of 3.15% is based simply on how much they pay out in total each month compared to the total amount invested, rather than being a more complicated calculation.
There's an article on MSE (http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1161700153,9594) that looks at exactly what I was saying here (but with maths and stuff for those that get excited by that sort of thing :suspect: ) which kind of confirms what I thought. The quoted interest rate is not that good an indicator of the actual return, which is likely to be lower, and if re-investing winnings this effect is compounded over time.
So purely as an investment they're not that great, even for max rate tax payers with full ISA's and for lower rate tax payers who haven't filled their ISA allowance for the year, they're awful. Though obviously as people have said, they are apparently more "fun" than normal accounts (though I personally quite enjoy trying to calculate how much interest I'll earn each year before I receive it and working out the effects of compound interest :dork: )
cjanderson
25-10-2006, 12:51
well from the table on that page. if you exclude all prizes over £100, then your interest rate is equivalent to 4.6%. which isn't too bad. and more fun than just a savings account and a tiny chance of winning 1m.
its good as part of a range of investment, no one should have all eggs in one basket.
neilalford
25-10-2006, 13:05
which isn't too bad. and more fun than just a savings account and a tiny chance of winning 1m.
Very tiny. With £1000 invested in Premium Bonds you have about the same chance of winning each month as you do of winning the lottery jackpot with one ticket. I think, 1 in 16 Billion chance per pound invested in bonds, 1 in 16 million chance of winning the lottery with one ticket.
You could take £1 (per £1000 invested) of the extra interest you get in a savings account and buy a lottery ticket each month, giving you the same chance of winning an even bigger jackpot while still having a higher return from the account than you'd get from the bonds.
edit - Actually, that doesn't work for higher rate tax payers with ISA's! As you only earn about 50p per month extra per £1000, but works for lower rate payers and those without ISA's.
cjanderson
25-10-2006, 13:11
Very tiny. With £1000 invested in Premium Bonds you have about the same chance of winning each month as you do of winning the lottery jackpot with one ticket. I think, 1 in 16 Billion chance per pound invested in bonds, 1 in 16 million chance of winning the lottery with one ticket.
You could take £1 (per £1000 invested) of the extra interest you get in a savings account and buy a lottery ticket each month, giving you the same chance of winning an even bigger jackpot while still having a higher return from the account than you'd get from the bonds.
you could do that with the extra £16 in interest over the year, 1 ticket per month really, but who can be bothered ;-) still don;t think its some sort of "big con"
neilalford
25-10-2006, 13:14
still don;t think its some sort of "big con"
It's run by the government, it must be :suspect:
Though no bother required, set up online purchasing of lottery tickets plus standing order from savings account and it's all automatic!
kjmacphee
25-10-2006, 14:02
I'm surprised at MSE. That really is a hack piece.
It's nonsense to say "let's ignore winnings over £100 as if they do not exist and the effective interest rate drops to 4.6%". Those prizes do exist ... someone wins them ... and the payout rate equates to 3.15%. End of story.
That and bandying around ginormous shock numbers ("1 IN 16 BILLION!!!!1111!!") is sensationalist hackery in the extreme.
The only "hidden sting" about premium bonds is that you have to buy them by month end and they take a few days to return the money when you sell them. In either case they have the money for a few days but it is not eligible for a draw and so outside of the 3.15% they must return.
As always, the information is there and it's up to you to make the choice. I recently cashed out all of my PBs (apart from £350 of winnings) as a) one of my 0% credit cards came to an and and b) my wife no longer works so pays no tax on savings making PBs a bad deal for me.
Oh ... and I hope you're not serious that lottery tickets (expected approx. 50% return) make financially better sense than premium bonds (expected approx. 103.15% return).
Don't think it's a hack peice - but pointing out that the 'interest rate' most people get is lower than the average due to a small number of people getting the big prizes. It provides a scaled table though, so you can compare and decide on taking the bonds or not based on the 'gambling element'. That bit is also in the 'nerdy' section for people who like to play with the numbers.
The key message seems to be (i think) that you need to get a bit clever with your savings - if you are a higher rate taxpayer, Premium bonds are ok as a savings option, but for lower or zero rate taxpayers, you should seek out a good savings account first and maybe put a few quid into premium bonds in the hopes of a win, rather than as savings.
neilalford
25-10-2006, 14:53
Oh ... and I hope you're not serious that lottery tickets (expected approx. 50% return) make financially better sense than premium bonds (expected approx. 103.15% return).
Nope, as that's obviously wrong, just saying that if you wanted the chance of winning a big jackpot each month you'd be better off using the extra money you get from a savings account to buy lottery tickets rather than putting the money into premium bonds.
Also, removing the largest wins from the premium bonds figures seems pretty sensible to me as most people will not benefit, if you've got enough invested then statistically you should get a fairly steady number of low value wins, which will give a fairly consistent return. The chances of getting a large win however are fairly tiny and there's no middle ground, you either win big or you don't, so for all but a handful of people the lower value is a more accurate representation of what they can expect to receive (the more they have invested, the more accurate it becomes).
As you say, some people do win the big prizes each month, but unless one of those people happens to be me it makes absolutely no difference to my returns, so using them when calculating the average return is slightly misleading IMO. Plus for every person who gets a big win there will be people with the large amounts invested who win absolutely nothing.
I also get the feeling that Premium Bonds are generally marketed more towards people who aren't higher rate tax payers, who are the people who benefit from them the least.
BeelzebubUK
25-10-2006, 15:50
All this talk about premium bonds has convinced me to get some so just applied online with £200 worth. Might use it as a regular small saver.
cjanderson
25-10-2006, 16:00
good stuff. the main point of all of it is, not the return so much, but the fact you save £100 and don't spend it. thats the biggest impact :)
nigel_williams
03-11-2006, 15:55
The November draw is on-line now, another 50 quid for me.
cjanderson
03-11-2006, 16:05
anpther fat zero for me but at least my £50 April win is off so next time it says you have won, it will actually be a new win :)
Arthur Fowler
03-11-2006, 16:54
anpther fat zero for me but at least my £50 April win is off so next time it says you have won, it will actually be a new win :)
Exactly snap for me (£50 April gone, nothing for Nov). :(
My last one was £50 in June. All this promotion of the 5 £1Mil draws next month is not helping our odds.
Unbelievable yet another month with nothing so far 8 months 5k and not a single win! What a fab investment these are turning out to be ~ £150 lost interest just from sticking it an a decent savings account over the last 8 months :(
I'd just like to extend my thanks to all those who didn't win this month. Thanks to your selfless sacrifice, I've got £250! :lol:
BeelzebubUK
05-11-2006, 10:38
I'd just like to extend my thanks to all those who didn't win this month. Thanks to your selfless sacrifice, I've got £250! :lol:
lol :clap:
Good News for me as Ive checked and Ive won £100 this month where as Its been £50 for the last few months.
So thanks to all the non-winners this month for my £100 :D
cjanderson
05-11-2006, 17:37
drinks on you at next meet ;)
drinks on you at next meet ;)
If I make it,I'll be using it to overpay on the mortgage.Though I am considering buying a SFF PC to make into a Dual Freeview PVR Tuner Box.Damn you
eBuyer (http://www.thedvdforums.com/jump2.php?url=http://clkuk.tradedoubler.com/click?p=33903&a=60823) and the bargain Forum.Im resisting at the moment but with my new Marks & Spencer (http://www.thedvdforums.com/jump2.php?url=http://www.tkqlhce.com/click-582776-8406126) credit card giving me 12 months 0% APR on purchases then at the bargain price Ive seen I might go for it :D
As for the meet depends whats happening with the other thing I get up too these days,may pop in for a hour or two if Ive got something else on.
Halleluhah, my first win (£50 wow!!!!!) after 9 mths with £5k, oh well onwards and upwards!!!)
cjanderson
02-12-2006, 09:38
oh, how do you know? I assume you mean in the Nov draw and you've just found out?
EDIT: i now see they have already updated for dec, i have not won :cry:
congrats anyway :)
sideshowhibs
02-12-2006, 09:55
A good first (and probably last) month for us.
The 30K that my wife has won £50
The 5K+2 that I have has won £100 :clap:
EDIT: Can any of you financial wizards tell me what I would have got in interest had I chucked the £35K in a fairly quick access a/c?
DeadKenny
02-12-2006, 15:42
A good first (and probably last) month for us.
The 30K that my wife has won £50
The 5K+2 that I have has won £100 :clap:
EDIT: Can any of you financial wizards tell me what I would have got in interest had I chucked the £35K in a fairly quick access a/c?
This is probably not the right way to do it as interest rates might be calculated daily and therefore compound interest comes into it, but if you take say (one I know), Egg's Internet savings account (instant access), which is currently 5% APR...
Assume a month is 5 / 12 (yeah I know it's probably not accurate), then you have 0.4% interest per month, which would give you around £140 (gross, before tax) on £35k.
If it was calculated daily then I'd expect more due to compound interest.
sillysausage
02-12-2006, 15:56
I have some premium bonds but cannot find the certificate. Can I just them and ask them to send me a new certificate?
Nothing again this month for me :(
cjanderson
02-12-2006, 16:23
On the other hand, i have accrued £20 interest on my savings this month. HOW THRILLING :D
its the next draw with the 5 million pound winners isn't it? so we could win that perhaps :D
Nothing for me, but Im not too bothered as I only have a couple hundred saved :)
Did notice that someone with a little over 1k of bonds won 1mill ! Guess they will be chuffed.
Hmm the smaller prize money is not usually updated until the 3rd working day of the month so I would make that Tuesday. :thinking:
Hmm the smaller prize money is not usually updated until the 3rd working day of the month so I would make that Tuesday. :thinking:
Nope it was up for December this morning :thumbs:
On the other hand, i have accrued £20 interest on my savings this month. HOW THRILLING :D
its the next draw with the 5 million pound winners isn't it? so we could win that perhaps :D
Nope it was this months draw with the prices already updated so you would know by now if you had one :(
Here are the lucky winners:
£1,000,000 4FE356659 £10,220 Surrey £5,000 Feb-00
£1,000,000 66AH227866 £1,010 North Humberside £500 Feb-03
£1,000,000 20TM260255 £27,000 Glasgow £5,000 Jul-04
£1,000,000 65LM241898 £30,000 Essex £5,000 Nov-03
£1,000,000 96QZ281689 £5,005 Leicestershire £5,000 Aug-98
Bet this guy is happy too!!!
£5,000 1AW207539 £25 LB of Westminster £1 Jan-60
Of course.........they must have done the calculations quicker due to all the publicity of the 5 x £1Mil.
Nothing for me since the £50 in June :(
DeadKenny
02-12-2006, 21:07
On the winners list, what's the difference between Value of Holding and Value of Bond?
http://www.nsandi.com/products/pb/winnerlist.jsp
DeadKenny, I think 1 is how much in total they own and the other is the investment amount, i.e. if you bought just £50 worth then you get 50 numbers so thats your bond value but you might actually hold £100 worth in total ( 2 purchases ).
But Im sure someone more in the know will inform us if different.
cjanderson
02-12-2006, 21:29
yep, thinks thats about it
i buy my bonds £250 at a time so get bonds valued at £200 and £50, however in total i have £2-3k
I'd just like to extend my thanks to all those who didn't win this month. Thanks to your selfless sacrifice, I've got £250! :lol:Seemed only fair that I should return the favour this month - bugger all for me! :cry:
DeadKenny
02-12-2006, 21:53
Hmm, I thought you get a bond for each £1, hence why on the certificate you have a range of bond numbers. Surely each prize matches exactly one bond, so the bond value should be £1 ?
I have had £1k in bonds since August '05 and I have won 2 x £50 prizes. Nothing for me in Dec, I will be cashing the £1k in next month to pay the taxman :(
Hmm, I thought you get a bond for each £1, hence why on the certificate you have a range of bond numbers. Surely each prize matches exactly one bond, so the bond value should be £1 ?
When you purchase the split will be done on the certificates so for example when buying £500 you could get 2x250 so if you won the holding would show as £500 but the winning bond would be £250 as the number of the bond that won would be the single number in the range of the £250.
Not quite sure why the amounts are split as when I bought mine I had about 4 different bonds totalling the amount I bought when could have been just a single bond for the total value :?:
I have 1 bond certificate for £1k which states my bonds are numbered 925021-926020
nigel_williams
03-12-2006, 01:47
2 x £50 for me this month.
CrumpetMan
04-12-2006, 11:09
Wow, best win ever for me, 1 x £100 and 2 x £50. I'm still going to cash out in a few months.
Arthur Fowler
04-12-2006, 13:29
Nothing for me again this month :(
Just 1 x £100 for us this month
It's that time again folks, January's results are online.
1x 50 quid for me this month
homerjhandley
03-01-2007, 23:13
looking at the big winners, there are LOADS with "LB OF xxxx" on there
http://www.nsandi.com/products/pb/winnerlist.jsp
if it is the same person they have won a few bob!
cjanderson
03-01-2007, 23:14
:cry: nothing for me again
(takes quick look at money file)
i;ve got 3k in there, and had on average 2,500 for last year and won only £50. so thats 2% return, not the best ever, but can;t take money out as my lucks sure to change soon. :)
and at least its no hassle for tax return. always a bonus :thumbs:
looking at the big winners, there are LOADS with "LB OF xxxx" on there
http://www.nsandi.com/products/pb/winnerlist.jsp
if it is the same person they have won a few bob!Yep, that London Borough is a very wealthy chap....
homerjhandley
03-01-2007, 23:16
Yep, that London Borough is a very wealthy chap....
:razz: :lol:
:doh:
:lol:
--------
No winnings for me
Thaedius
03-01-2007, 23:18
http://www.nsandi.com/products/pb/winnerlist.jsp
Some lucky bleeder won £50k off just over £1.
:razz: :lol:
:doh:
:razz: indeed - second barren month in a row! :lol:
DeadKenny
03-01-2007, 23:42
Some lucky bleeder won £50k off just over £1.
I know statistically every bond has an equal chance and buying more increases your chances, but it does seem unfair that most of the time it's only those who spend thousands seem to stand a chance of winning anything at all these days. It seemed like it used to be the majority of people just had a few quid and everyone stood an equal chance, even if it's just £50 you win. Surely there must be millions of small investments equalling all the larger investments so why is it just the large ones that generally win the big prizes? (this £1 investor of course being a rare exception).
Never won a penny off the few quid I had over 30 or so years. Even chucking more money in has resulted in nothing. I make more with interest on savings.
nigel_williams
04-01-2007, 01:16
Equal chances is true, but with the very large number of bond holder out there with upto £30K each, your chances will increase with the more you own.
I've had about 100 since childhood and probably won only once or twice in 30 years. But in the last 2 years, I've been buying more (as they are tax free) and seen my winnings increase. I got 1 x £100 and 2 x £50 this month.
sideshowhibs
04-01-2007, 10:05
£100 for us this month.
neilalford
04-01-2007, 11:23
I make more with interest on savings.
The expected return is lower than most decent savings accounts and far lower than a decent ISA, even if you're a 40% tax payer who's used up their ISA allowance you should still expect a slightly better return on a savings account than premium bonds. Premium Bonds only offer a good return if you get lucky (plus if you're unlucky you could get nothing at all from them)
Arthur Fowler
04-01-2007, 12:24
Nothing again for me. Nothing since April. :(
BigJonnyB
04-01-2007, 14:37
12k in between my partner and I since September - haven't won a single penny yet :( . Only going to give it another couple of months, expected to at least pick up a couple of £50 prizes!
JB
Just about to buy a bond, £100 to begin with, can't you set up a direct debit or I take it you can add to your bond fund when ever you want?
Just about to buy a bond, £100 to begin with, can't you set up a direct debit or I take it you can add to your bond fund when ever you want?http://www.nsandi.com/products/pb/savingregularly.jsp
simonmac
04-01-2007, 20:24
Daft question, but how long do you have to claim any prizes?
cjanderson
04-01-2007, 20:37
they send them to you, by end of month you won
i now get mine automatically reinvested :)
i now get mine automatically reinvested :)
How do you do that?
simonmac
04-01-2007, 20:56
they send them to you, by end of month you won
i now get mine automatically reinvested :)
Had them since birth and moved round a bit, might have to try and dig the paperwork out.
How do you do that?
http://www.nsandi.com/help/reinvestmyprizes.jsp
cjanderson
04-01-2007, 20:59
i got a slip when i last won
BACK IN APRIL 06 :mad:
sent that back and they do it forever more. well unless that takes you over 30k.
I just saw you can download a form from them:
http://www.nsandi.com/pdf/reinvestment_form.pdf
I might as well do that from now on until I need the money. Not convinced I'm going to really make anything from this though, too many people in it I reckon now compared to the payouts!
cjanderson
05-01-2007, 09:20
though suppose we are all regularly saving, which is a good thing in itself :)
though i should reconsider, was putting 250 a month in, that would probably be more sensible to put against the mortgage (at 5%) than tip up my PB, i have 3k worth now so enough for some interest in the thing.
though i should reconsider, was putting 250 a month in, that would probably be more sensible to put against the mortgage (at 5%) than tip up my PB, i have 3k worth now so enough for some interest in the thing.
Definitely put it towards your mortgage instead as that will work out at either 7% or 9% (ish) depending on if you're a basic or higher rate tax payer
For every grand you pay of the mortgage that will knock off £4 every month from future interest payments :thumbs:
I have 3k in my PB (I just did a straight deposit and not a monthly thing). Thinking of topping up before April a little but I also want to pay off my car loan first (6%) so that would make more sense and then my ISA in April before more PB, and then I also can overpay mortgage! (too many options and not enough money to do them all :D )
Going to have my mum stick 30k into PB in the next month or so though to see how that performs.
cjanderson
05-01-2007, 09:56
mortgage already being overpaid :)
top savings thing at present is regular savers, i have 2 - A&L pays 12% so thats good, barclays 10%. so still beats regular saving into your cash isa, even when taxed.
this year i am determined to make my finances simpler (or at least close the accounts with £10 in that i have to check each year for my tax return :gag: )
Don't the A&L and the Barclays require you to have a current account with them too?
cjanderson
05-01-2007, 10:36
I have 3 current accounts anyway :)
I know, i know madness you may say
barclays, always have had, salary goes in, bills go out, savings go out, nil at end of month.
cahoot, for spending out of, so never have to look at balance and wonder if rent has cleared yet
A&L, opened for the 12% saver, 500 goes in, 250 then to the reg saver, 250 to prem bonds. you only need to fund it by £500 each month and i got £50 for opening it :) and a years free europe travel insurance.
Seems a whole lot of effort to me! I'll stick to my Cahoot account (everyday account) and my HSBC account which is just because its got a cheque-book and easy to pay money in (cash/cheques) without going to the dreaded post office!
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