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

casper_uk said:
I forgot to buy some before the 1st rolled around, drat! Maybe with the coming drop, it might be a blessing and time to look at a ISA instead.
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Cash ISA or even a decent standard savings account will statistically beat premium bonds all day long as it's guaranteed interest paid to you every month.

Standard savings accounts aren't tax free so ISA is best if you are earning too much interest and you haven't used up your £20k allowance for the year
 
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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Their calculations are bad. Using the prize funds sections with less than 1 once in a year win to show a return for a 1 year period is a joke. And they can't even be bothered to update it to the current rate.

In reality with average luck a full holder would expect to win £1,825 in a year at the 4.4% rate. It's effectively a 3.52-3.65% rate with some added bonus gambling. (Some minor rounding up and down here as you can't win fractions of a prize).

Prizes in the Medium and higher value sections should be counted as the gamble as the lowest prize is a once every 3.65 year chance for the £500 win and 10.95 years for the £1000. The high value ones require over a hundred years, so it's just hope!
 
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£200 in December. That will be ok. Although I had money aside for car repairs already as I had a miserable MOT result.

I was expecting nothing from NS&I this month. As the last couple of years in December have been low.
 
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