Premium Bonds. No wins.

I have won something every month apart from December, amounts varying from £25-£100.

I seem to win every two or three months. Only £25 but still nice . Perhaps you may be lucky and win a really big prize.

More or less the same as grannygravy. I think numbers dont enter the draw immediately.

My uncle sent me £1 for Christmas 1957 and, in January 1958, I used it to buy a Premium Bond. My mother said it was an investment and would benefit me far more than just spending it on chocolate.

I still have that bond; I've updated my address details every time I moved house and it has never won anything. Not a soddin' brass farthing. I wish I'd bought chocolate!

I do have £35,000 but my “winnings” in 2019 have ranged from £50 to £275 and only 1 month there has been nothing. Since buying them 18 months ago I have received a total of £1750

Sadly, through necessity all ours have been cashed in now.
?

The most we ever won was £50 one month and a couple of £25 wins.

I used to love that frisson of excitement on 2nd of each month. Ah well.

Martin Lewis has a premium bonds calculor on his website. Bonds average 1.4 percent, with a 10k investment you could expect to win £100 pa. However it a risk you could win nothing or a million.

watermeadow if you invested £20K in a stocks and shares ISA you could get at least £600 (3%) a year in income from it, as well as capital growth, while your premium bonds are losing value at the rate of inflation.
I don’t understand the attraction of PBs. It’s just a form of gambling.

I had wins this October and November.

Overall this year I have won more than I would have had in a savings account, and its a bit of fun

I've won small sums most months this year. It adds up to better than any savings account interest rate.

Funds in Premium bonds are immediately accessible janeainsworth, which can be important. I am getting about 1.5% on mine.

I used to rarely win anything but in the past year have won £25 or 2 x £25 most months.

Could you sell them and repurchase a single block? That may stand a better chance.

I had almost forgotten that I have Premium Bonds. I have had some from the start and bought a £1000 block with money received when my Uncle died. In the first few years I won 2 x £25 but not a single win for the past 20+ years.

Was it a £50 win Granny23?

The minimum prize used to be £50, then they got rid of some of the larger prizes when interest rates went down but introduced the £25 prize to keep people happy and invested.

Or not, reading this thread.

nannytopsy Funds in Premium bonds are immediately accessible janeainsworth, which can be important. I am getting about 1.5% on mine

The funds in my Santander Select current account are immediately accessible and I get 1.49% interest on balances up to £20K, cashback on direct debits for utility bills, and every month there are different retailer offers. Last month it was 10% at Morrison’s.

Have a £1000 bond. Won £25 in nearly three years. MawB you have done well!

A friend of mine has the full £50,000 in bonds and most months she gets from £25 to £100. Usually the latter. Rarely zilch.

I usually win at least £25 and mine is reinvested each time. It is the frisson of excitement I enjoy.

I have checked the site and the biggest winners usually have over £35,000 invested.

Theoretically each bond has the same chance of winning the million and the odds are not as great as the lottery, plus you only lose a small amount with inflation if you don't win.

I have had small wins but keep mine for the bit of excitement each month, and they are instantly accessible if necessary.

I am lucky enough to have £50,000 and have won prizes every month but Jan and Dec - a total of £525 this year and I am very happy with this.
I get an email saying that I have won a prize and check on their web site to see how much. I find it all very exciting!

BTW I actually think that there has always been a £25 prize Callistemon??

I win most months £25 to £125 and I bought the dgc premium bonds 2 months ago. One won £50 this month. Nice to have winnings tax free

I've won 2 x £25 this year. I usually get something most years,
but I agree it seems to be getting less likely to win anything.

It might be classed as gambling but that’s a slightly misleading term as our money is perfectly safe unlike other forms of gambling of course.

I win quite regularly, most months and I don’t have the full £50,000.

I am sure the odds of winning are no less this year than last.

As someone said, the average return is 1.4% which these days isn’t too bad. Ok some do better and some worse but it’s a bit of fun each month.

jennifereccles the average return is 1.4% which these days isn’t too bad. Ok some do better and some worse but it’s a bit of fun each month
And inflation this year has been 1.8% so even if you win the average amount, you’re still giving money away.
I’d rather keep my money somewhere where I’m going to get a guaranteed return, and spend it on actual fun.

FiL had a substantial amount in premium bonds and frequently won £25. They were very good when he died and we had to cash them in - they included all the prizes that he hadn't claimed because he'd lost the letters.

On the other hand, DH and I have had just a few bonds since we were children and have never won a thing.