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

I'll be topping up my isa to max in new year. Cash isa though.

I must say the temptation to keep it in is there though with the illusion of that big win.

But really you need loads in PBs or nothing
 
413x said:
I'll be topping up my isa to max in new year. Cash isa though.

I must say the temptation to keep it in is there though with the illusion of that big win.

But really you need loads in PBs or nothing
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I've had 40k in a cash ISA since march (20k at the end of march and another 20k on april 8th) and made a just over a grand so far. in 7 months..tax free...

I've had 50k in PB for 2 draws and won.... nothing...

Premium bonds are a daft investment unless you've already maxed out your ISA allowances.
 
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mattyfez said:
I've had 40k in a cash ISA since march (20k at the end of march and another 20k on april 8th) and made a just over a grand so far. in 7 months..tax free...

I've had 50k in PB for 2 draws and won.... nothing...

Premium bonds are a daft investment unless you've already maxed out your ISA allowances.
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Its more a gamble with the interest.
You'll probably be under the percent return. But you might win big.
 
mattyfez said:
It really isn't if you do the maths on your chances of 'winning big' on premium bonds... I'll move 20k from my PB to probably an S&S ISA next april.
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Well it is.
If you have terrible luck you'll win no prizes and stay at 20k.


If you're lucky you'll win a million every month.

Its a fairly safe gamble as over time it'll trend a tad under the average return if you're under 50k.
More you're under more you'll be under the headline rate.
 
413x said:
Well it is.
If you have terrible luck you'll win no prizes and stay at 20k.


If you're lucky you'll win a million every month.

Its a fairly safe gamble as over time it'll trend a tad under the average return if you're under 50k.
More you're under more you'll be under the headline rate.
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Maths fail.. with average luck you can expect 3.9% return on 50k permium bonds, lower with a lower holding...V's a guaranteed 4.8% in a cash ISA ATM.

Unless cash ISA interest rates drop below 3.9%, the numbers just don't add up, unless you have maximum holding, and higher than average luck... now that really is a gamble, https://www.moneysavingexpert.com/savings/premium-bonds/
 
For us they are another vehicle to hold cash in the medium term with a little bit of fun attached - our ISA allowances get used on S&S and I don't want more exposure in the stock market for that portion of our money.
 
Brok said:
For us they are another vehicle to hold cash in the medium term with a little bit of fun attached - our ISA allowances get used on S&S and I don't want more exposure in the stock market for that portion of our money.
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Well indeed, if you've already maxxed out your ISA allowance for the year, then why not... but if not, you could put money into a cash ISA in addition to S&S (rather than PB) for a much more stable return.
 
mattyfez said:
I've had 40k in a cash ISA since march (20k at the end of march and another 20k on april 8th) and made a just over a grand so far. in 7 months..tax free...

I've had 50k in PB for 2 draws and won.... nothing...

Premium bonds are a daft investment unless you've already maxed out your ISA allowances.
Click to expand...
I've made nearly a grand this year with a fraction of that amount in PB. If you get lucky, it does alright.
 
mattyfez said:
Maths fail.. with average luck you can expect 3.9% return on 50k permium bonds, lower with a lower holding...V's a guaranteed 4.8% in a cash ISA ATM.

Unless cash ISA interest rates drop below 3.9%, the numbers just don't add up, unless you have maximum holding, and higher than average luck... now that really is a gamble, https://www.moneysavingexpert.com/savings/premium-bonds/
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I'm not sure what you are saying.


You are gambling with the interest with premium bonds.
That's exactly what premium bonds are.

Playing the lottery with what would be calculated interest in a typical account.
 
mattyfez said:
Maths fail.. with average luck you can expect 3.9% return on 50k permium bonds, lower with a lower holding...V's a guaranteed 4.8% in a cash ISA ATM.

Unless cash ISA interest rates drop below 3.9%, the numbers just don't add up, unless you have maximum holding, and higher than average luck... now that really is a gamble, https://www.moneysavingexpert.com/savings/premium-bonds/
Click to expand...

I'm not sure how what I said is a maths fail.
The lower your pb holding. The lower the typical return. And the further from the average luck figure you'll be.

But premium bonds are to risk that interest for the chance to win big.
 
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