Premium Bonds - If you post to say how much you've won, please also say how much you have invested.

[Feek]

I stuck a couple of hundred quid into Premium Bonds and today is the first draw I'm elligible for.

I'll get my millionaire notification tomorrow, right?

 

[Feek]

Oh really? I hope they'll ring first in case I'm not in.

 

[Feek]

Not super perfect but handy to just get an idea of your winnings

OMG

 

[Feek]

How are you contacted now if you win?

I'll let you know tomorrow

Actually I set my account up so that any winnings get paid straight back in and buy me more bonds.

Of course, there's a £50,000 limit so I assume that they'll tomorrow they'll transfer £49,800 into my bond account and send a cheque for the £999,800 difference.

 

[Feek]

Draws tomorrow so you'll be notified on the 3rd

Everything (including the NS&I site) say that it's the first working day of the month so it's already been drawn.

Spoiler: draw dates

 

[Feek]

1 x £25 this month

Seems the standard for me each month

You've got the full £50K in, haven't you?

 

[Feek]

I didn't get anything, I can only assume there's been some administrative error. I'll look forward to them getting it sorted out in time for the next draw.

 

[Feek]

All you people with your little £25 wins, you're going to be pretty miffed when they realise their mistake next month and I get the big one

 

[Feek]

@Feek any luck this month on getting your million? I'll warm things up with an massive £25

No, looks like they’ve missed me again this month. I shall have to have stern words.

 

[Feek]

didn't win nowt this month though!

Cool, how much did you win?

 

[Feek]

It would be really useful if you post to say you’ve won, you also say how much you have invested.

 

[Feek]

I want to live in a dream world where I may win lots of money.

Exactly. You've got to be in it to win it.

 

[Feek]

£10,250 this month, £50k invested. I won nothing last month so only fair.

You won £10,250

 

[Feek]

Thanks. Never got more than £25 in a single prize before (although often get a few of those) so was very unexpected!

Well with a ten grand winning, you may as well take it all out now because the law of averages says you're never going to win again

 

[Feek]

Just reminded me about them, I won Zero have a few thousand, going to cash in and rebuy.

All that will achieve is that you'll miss a draw.

 

[Feek]

From what I read, it was best to repurchase as there has be a higher proportion of winners with newer numbers.

It's random. You're wrong, Mrwong. Again.

 

[Feek]

Just 16 per cent – 45 Bond numbers – were bought between 2000 and 2009, and five per cent were older than 2000

Now look at the percentage of bonds out there and come back telling us what percentage in total were bought before 2000.

/edit. Someone shoot me. @dLockers and I said the same thing at the same time.

 

[Feek]

As I said it is always worth a try, selling a few and buying them again.

You do realise that you are reducing your chances by doing that?

Even if you withdraw your money and reinvest it on the same day, it'll miss a draw because it has to be in there for a full month before it's eligible. So in that calendar year, you'll only be in eleven draws instead of twelve.

 

[Feek]

However the chance of winning becomes less an less anyway.

Should I sell my old Premium Bonds and purchase new ones?

I have held a sizeable sum in Premium Bonds with National Savings and Investments for the best part of two decades. The returns I've had are modest - the old smaller prize win here and there.

www.thisismoney.co.uk

Read and understand. It explains why the 'statistics' you quoted are so, so wrong.

 

[Feek]

Pot.