Premium Bonds

If you have the maximum amount of £ 50,000 you should win with average luck £ 100 per month, however, if
you have £ 100 with average luck you will roughly win nothing in 5 years. Unfortunately, the odds improve with
the size of the bond and how many bonds you have in total.
 
I have £49000 and I didn’t win a bean last month!
Most I have won is £500.
Stick to investment trusts if you want your money to work for the long term.
Premium bonds are OK as tax free but don’t put all your eggs in one basket if you have decent funds.

My Dad won £1000 in 1961 which enabled my parents to move into the housing ladder.
I owe Premium bonds for being a Pool fan as they bought first house in Thornton for £2300!
It was escape from Salford!
 
GrahamwantshisOates said:
I have £49000 and I didn’t win a bean last month!
Most I have won is £500.
Stick to investment trusts if you want your money to work for the long term.
Premium bonds are OK as tax free but don’t put all your eggs in one basket if you have decent funds.

My Dad won £1000 in 1961 which enabled my parents to move into the housing ladder.
I owe Premium bonds for being a Pool fan as they bought first house in Thornton for £2300!
It was escape from Salford!
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Last 7 months Won £25 to £350 .About 10 years ago won £1000 bought a 47 inch tv .
 
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Ultimately, Premium Bonds are an amusing diversion for those with plenty to invest - they pay zero interest but good for avoiding tax on savings for those above the £1k interest threshold, a much better chance of winning than the lottery & you always have the option of buying your stake back, but not really a solid investment.

Think of them as ‘Battleships’ in reverse - the greater your stake, the better your chance of winning, but unless you’re able to invest a sizeable chunk of dosh you’re unlikely to make much, if any, profit with average luck.
 
I have to check my grandparents for them, they're both maxed out and seem to win between £100-200 each every month, I think it's been more the odd occasion.

Alright for old buggers innit 😉
 
Have a couple of £1 bonds from late 60's early 70's, changed address numerous times and cant find tickets. How do I check if Ive won plenty.
 
I have won over £1100 over the last 2 years. Usually win every other month and don't withdraw the winnings.
 
glasshalffull said:
What do we need to know???
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Always buy last day of month cos 1 clear month eligibility ( ie buy 31 August and in October draw buy 1 September and in November draw). More bonds you have obviously the more likely you are to win. Every individual bond has an equal chance of winning a prize.
 
todayistheday said:
Have a couple of £1 bonds from late 60's early 70's, changed address numerous times and cant find tickets. How do I check if Ive won plenty.
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Go to nsandi.com. Info on there on how to change address. IF you had been lucky enough to win a prize they will have written to the address they had recorded and it will be held for you until you contact them. Believe it or not It took over 30 years to finally clear and pay out all the prizes from the very first draw !
 
Posters looking at this thread and thinking that PBs are the way forward must also bear in mind that they are not interest bearing. As such, whilst a larger investment will provide a better chance of winning more regularly, those wins have to be assessed in terms of the real-time value of the principal invested. During times of high inflation that real-time value decreases.
 
1966_and_all_that said:
Posters looking at this thread and thinking that PBs are the way forward must also bear in mind that they are not interest bearing. As such, whilst a larger investment will provide a better chance of winning more regularly, those wins have to be assessed in terms of the real-time value of the principal invested. During times of high inflation that real-time value decreases.
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Spot on 66. When I gave my ‘talks’ I always talked Premium Bonds ‘up‘ during times of low inflation. Nothing to lose when interest rates were less than 1%
 
todayistheday said:
Have a couple of £1 bonds from late 60's early 70's, changed address numerous times and cant find tickets. How do I check if Ive won plenty.
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Go online at National Savings and Investments and they have a prize checker.

I have two £1 bonds from when I was born. They've not won anything🤣
 
1966_and_all_that said:
Posters looking at this thread and thinking that PBs are the way forward must also bear in mind that they are not interest bearing. As such, whilst a larger investment will provide a better chance of winning more regularly, those wins have to be assessed in terms of the real-time value of the principal invested. During times of high inflation that real-time value decreases.
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Yep true, though perversely we withdrew over half our PB a month or two ago and put into a high interest account and had our biggest win ever this month. Invested in Rolls Royce long term as well...
 
spudgun said:
Yep true, though perversely we withdrew over half our PB a month or two ago and put into a high interest account and had our biggest win ever this month. Invested in Rolls Royce long term as well...
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Rolls Royce has done me very well over the last year 👍
 
spudgun said:
Are you confident in them going forward, seasideone?
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Reasonably - big day tomorrow (I think) when the numbers come out.

The worry is the size of the debt pile - if that’s shrinking then relatively happy long term.

That said I wouldn’t buy anymore at the moment.
 
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