March 2023 - Premium Bonds……

I won £550 this month - amazing! Am going to put £500 towards a replacement wedding ring and the rest into new paint for the kitchen walls.

After the 2008 crash and interest rates plummeted, I was urged to invest by someone who said they received a prize almost every month. I held the max for two years. I didn’t win a penny.

I now have £50,000 in a 4.5% tax free ISA earning £2250 a year guaranteed which pays for my council tax. Now retired, I can’t leave investment to chance.

Martin Lewis says:

The average return on Premium Bonds is 3.3%, but you won't earn that even with average luck.

If you won't earn over the personal savings allowance, and have average luck, Premium Bonds are unlikely to beat top savings.

What you'll win over a year with average luck, based on the 3.3% rate:

£10,000 £225 = 2.25%
£20,000 £625 = 2.5%
£50,000 £1275 = 2.55%

www.moneysavingexpert.com/savings/premium-bonds/

True, I forgo the chance of winning the big prize but the odds of someone winning a million are 1 in 60 billion (60,095,684,349).

Seeing as I never managed to win even £25, I'm sticking with a challenger bank.

All the money given to me as a baby until I was 10 went into premium bonds and I have never won even 1d let alone 1p 🤷🏻‍♀️

You need at least £5000 plus to be in with a good chance of winning anything. Not always…but mostly.

Not a penny, ever

As far as I know, I haven’t ever won anything. Am I supposed to check myself, or do I get an email or some sort of a message from the Premium Bonds people? Must investigate!

£4 in bonds for over 65 years.... won £25 in 1967.....

I have had bonds since I was born now almost 66 and never won a thing

Well done one and all !! No bonds in this house but tempted to invest

£500 for me yesterday.

Only ever won £50 once and £25 twice

Party time 🎉

Another £125, second this year. That's over £1,000 total this year!

Nothing for me but £125 for DH

£375!!

I’ve been very lucky, nearly 2k last year which paid for extensive gum treatment 🥴 then this year I’ve won £975.00 already. Usually I don’t win a bean anywhere !

Am very grateful, vet bills left me overdrawn, had 2 wins £500 and £50 very relieved and happy

£100 for me which was a pleasant surprise, all the more so because I cashed in £20,000 earlier in the year to help D and SIL with their house move!

£25 for me £50 for DH
£1,200 so far this year

£25 for me this month.

Unfortunately, nothing for me but I am happy for the winner from 1957. There a few newly bought bonds that have been lucky also.

I've no complaints either. Bravo Ernie!

I have just added up and I have won £500 between January and this month this year so I am more than happy.

£800 in the last calendar year - I am not grumbling!!

I have never won a bean.

Someone has had a nice win this month with a holding of just £2, bought in 1957. Whenever I see a win like that I just hope the holder is still with us. 😊

These are some of the other May big winners with just a few bonds.

£100 for me .... very happy with that!!