Premium Bonds - If you post to say how much you've won, please also say how much you have invested.
- Thread starter Feek
- Start date
Depends how much money you have in tbh.I should not complain as I have not done too bad in the last few months.
Associate
£10k win on 19k saved,
Soldato
That's not guaranteed though, is it? Asking as I was thinking of putting part of £100k I have to invest, into premium bonds. But don't really know enough about them to be honest.
Got an appointment with a financial adviser middle of this month to see what my options are, but I've always wondered about premium bonds. A return of £130 a month with £50k in sounds pretty good to me, but is it not pretty much down to 'luck' and as such, is it even possible to guestimate an 'average' return for a given investment amount?
Associate
Yes its not guaranteed at all and you could be well below their suggested payout % which is currently 3.14% i think.That's not guaranteed though, is it? Asking as I was thinking of putting part of £100k I have to invest, into premium bonds. But don't really know enough about them to be honest.
Got an appointment with a financial adviser middle of this month to see what my options are, but I've always wondered about premium bonds. A return of £130 a month with £50k in sounds pretty good to me, but is it not pretty much down to 'luck' and as such, is it even possible to guestimate an 'average' return for a given investment amount?
Its worth it if you pay higher rate taxes, if you pay lower taxes then fixed term saver will be better.That's not guaranteed though, is it? Asking as I was thinking of putting part of £100k I have to invest, into premium bonds. But don't really know enough about them to be honest.
Got an appointment with a financial adviser middle of this month to see what my options are, but I've always wondered about premium bonds. A return of £130 a month with £50k in sounds pretty good to me, but is it not pretty much down to 'luck' and as such, is it even possible to guestimate an 'average' return for a given investment amount?
Soldato
You have to think of premium bonds as a mid to low yield savings account, with a really poor chance of winning lottery type sums
I tend to think of £50k or more as life changing. £50k isn't going to radically change your life but to me its enough to make a material difference such as retire a year or so early etc
Should be remembered if you have £50k invested you cannot have any more so your capital is in effect fixed (and declining in real terms) with the cash wins sent to you
If you have below £50k and reinvest then it functions more closely to an interest bearing account
I tend to think of £50k or more as life changing. £50k isn't going to radically change your life but to me its enough to make a material difference such as retire a year or so early etc
Should be remembered if you have £50k invested you cannot have any more so your capital is in effect fixed (and declining in real terms) with the cash wins sent to you
If you have below £50k and reinvest then it functions more closely to an interest bearing account
| Prize band | Prize value | March 2023 draw | Estimated April 2023 draw |
|---|---|---|---|
| Higher value (10% of prize fund) | £1 million | 2 | 2 |
| £100,000 | 62 | 62 | |
| £50,000 | 124 | 125 |
This ^^^^^
Soldato
Thanks, so its a max of £50k you can put into premium bonds, is that what you mean? That's a great way to look at it - mid to low yield savings account.
Soldato
You can only have a total of £50k in so if you win anything it has to be withdrawn if you put in £50k or win enough to get to you £50k
Soldato
Ah, right - that makes sense, ta.
Soldato
Hope there is an issue this morning. £0 this morning for first time ever.
Do you not get the results 2 days after the draw? I usually get something but nothing this Month yet
40,500 invested,
Anyone else checked ? bit gutting i was hoping for a little to put towards something.
Quick question, if i get to near the max you can hold, and then not pay in any more in to this account, but open a new one, will the first one i hold (keep getting included in the prize draws and have a high change of winning even though im not paying in to that one anymore?)
Or do you generally only win prizes if you buy new bonds each time.
40,500 invested,
Anyone else checked ? bit gutting i was hoping for a little to put towards something.
Quick question, if i get to near the max you can hold, and then not pay in any more in to this account, but open a new one, will the first one i hold (keep getting included in the prize draws and have a high change of winning even though im not paying in to that one anymore?)
Or do you generally only win prizes if you buy new bonds each time.
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Soldato
It shows now. £200 and £250 for me and wife. £50k each in.
Soldato
£50 here off £10k invested.
Soldato
You can only have one account. Needs to be in a new name.
I read on the website you can have more than one account,
whats to stop you creating one with a different name ?
Let me login and check again
Edit still nothing for me this morning
my prize history is
April 2023 - £25
March 2023 - £50
Feb 2023 - 25
Dec 2022 - 25
Nov 2022 - 75
Sept 2022 - 75
Aug 2022 - 50
Jan 2022 - 25
i have previous years but thats generally the last year or so's winnings £350, pretty low luck concidering i have what i have in there
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Soldato
Just checked mine and I've got bugger all but I'm expecting this for a while until I build my investment up again
Soldato
If you can claim a winning amount of a false name set to your account / random other named account you set up in sure you'll have a visit from someone regarding fraud / tax related issues.
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