Savings Account or Premium Bonds?

We have £18,000 in P Bs invested 3 years ago , we have had 1 x £25 nearly every month and sometimes 2x £25 which is good going considering the interest rates on ISAs ..

Nicksmr - that’s very good going. I have £40000 and I average about £200 per year. Not good ?

I save in the Credit Union
typical interest rates 1-3% can go down to 0 %

crazyH I agree, that is a poor return. I received £350 over the past 6 months, winning something each month.

Have you considered taking out an old block of maybe £10K and buying again? I think you may notice the difference.

I intend to do that because my winnings are ploughed back in so I have so many lots of £25s that it may be time-consuming.

Good luck.

Doodledog

tanith

How did everyone do this month mine was £25x2 it’s been a good year.

Nothing. Again. I checked, and the last time I won was £25 in 2018. Someone else has got my share of the good luck, I think.

ERNIE has been reading Gransnet. I won two lots of £25 this month

I did not win anything this month but I have won something for the last 8 months so I am not surprised.

It is obviously having a rest before I win a substantial amount of money next month. It would be rather welcome as I am having my kitchen re-wired tomorrow. After the plastering and re-tiling eventually my lovely new kitchen doors will be fitted.

That will be mid September so by then I will be considering retiring to bed for the winter to save on heating.

Just £25 this month.

Just £25 for me too. Last month husband had £25 x 6 but nothing for him this month

£25 on mine this month. Nothing on DH's. Still waiting for the big win!

Don’t worry everyone, the big win will come!!
£50 for me today.

I put some of my inheritance into premium bonds, because of this thread, and have just won £75 in the first draw!
Thank you ladies! Thank you mum!

Ali are you like me, ploughing your winnings back into your premium bonds? You did very well and long may it continue.

Well done, Ali!

£50 for me, too, today. Nothing for DH.

I won nothing this month, but in the last 10 months have won £25 each month bar 2. Just invested to a little short of the maximum a few weeks ago, those numbers will be in the mix for September’s draw.

Are the premium bonds through the post office ??

Thank you ,Charleygirl and Doodledog.
Actually, to begin with at least, we are going to celebrate with any winnings. It’s been a very hard few years, so taking any winnings as a gift, and enjoying the anticipation each month!

Serendipity, you invest in them through NS&I, online.

Ali23

Serendipity, you invest in them through NS&I, online.

Thank you

Three lots of £25 for me and two lots for DH today.

We were winning every month since buying quite a lot 18 months ago in one block but then one of us started to miss a win. A few months ago I sold about half of them and then reinvested in smaller amounts. Since then, with now 5 blocks of numbers now, we've both won.

£50 for me this month

muse

Three lots of £25 for me and two lots for DH today.

We were winning every month since buying quite a lot 18 months ago in one block but then one of us started to miss a win. A few months ago I sold about half of them and then reinvested in smaller amounts. Since then, with now 5 blocks of numbers now, we've both won.

I have heard a lot of people say this, and things like it about some numbers being more likely to win than others, whether it is new v old, or small blocks v large ones or whatever.

Can this be true? My understanding is that it is an entirely random draw, and that each bond has as much chance of winning as any other - is this not the case?

I've just googled, and it seems that yes, each bond has an equal chance of winning, and the reason that newer ones win more often is because there are proportionately more of them. The overwhelming majority of bonds have been bought in the last 20 years - partly because the maximum holding amount has risen, and partly because people cash the older ones in more often.

The article here is the least annoying I can find quickly - they all seem to have hundreds of ads breaking up the text, but all say the same, which makes sense to me.

I have held £11 (yes, eleven) since 1959. I won £250 in 1965, my mother put £200 back into them, I had to give £20 to my grandparents and £10 each to my two siblings, leaving the huge sum of £10 for me to spend.

I wasn’t allowed the Sindy doll that I craved, instead I chose a quilted satin dressing gown with buttons, to replace my hand-me-down scratchy wool one, and a white fluffy bedside rug to cover the stained green carpet.

I cashed in the £200 block when I was 20 and had left home, I was signed off sick for several months after major surgery and needed it to pay my rent.

Now newly retired and perhaps I’ll finally top them up when my work pension comes through.

it is interesting to keep a monthly record of winnings. I look at the year`s total every december and work out the interest on my pb savings. Last year it was 1.6%. I bought pbs for each grandchild, one had 5.75% last year

I had £25 this month