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

lee1101 · 4 Jan 2024 at 09:36

£450 this month on £50k

slinxy · 4 Jan 2024 at 09:38

Nutty667 said:
Yeah it's probably nonsense, but I do win most prizes from the big continuous block.

That's simply because you have more bonds in the larger blocks... the more bonds the more likely that one of them is going to be picked out.

Mercenary Keyboard Warrior · 4 Jan 2024 at 09:40

slinxy said:
That's simply because you have more bonds in the larger blocks... the more bonds the more likely that one of them is going to be picked out.

People refuse to admit that every bond has equal chance.
What happened to Mr W(r)ong and his 100 year old stats theory book !? LOL

~Mike~ · 4 Jan 2024 at 10:20

Mercenary Keyboard Warrior said:
People refuse to admit that every bond has equal chance.
What happened to Mr W(r)ong and his 100 year old stats theory book !? LOL

Think he got banned.

Maybe this was him? https://www.thisismoney.co.uk/money...y-15-year-old-Premium-Bonds-buy-new-ones.html

Maccy · 4 Jan 2024 at 13:31

Nothing on £800...funnily enough

Nutty667 · 4 Jan 2024 at 14:00

slinxy said:
That's simply because you have more bonds in the larger blocks... the more bonds the more likely that one of them is going to be picked out.

Nope. More bonds combined in the other smaller blocks.

Edit:
I know what I've done wrong.
That 40% of bonds 6K block, won more in monetary value than the rest in 2023. But the number of wins was 37% of total wins for the year, so I guess that's about right.

Lord-Jaffa · 4 Jan 2024 at 18:47

0 on 10k

DXP55 · 4 Jan 2024 at 19:57

Can anyone log in to NS&I - have been trying for two days and can't get past "accept cookies" nothing happens.
Never had problem before. :rolleyes:

AndrewNR · 4 Jan 2024 at 20:12

Pretty poor - £150 off £40k

Bald-Eagle22 · 4 Jan 2024 at 20:17

£100 on 34K this month . Less in the pot next month as I gotta pay the tax man 10k !

200sols · 4 Jan 2024 at 20:52

AndrewNR said:
Pretty poor - £150 off £40k

Seems pretty average to me. Almost bang on the expected return.

A2Z · 4 Jan 2024 at 21:13

Dammit, was planning to buy my first ever bonds at end of December so could be in Feb draw but totally forgot. Hopefully will remember to do it this month!

slinxy · 4 Jan 2024 at 21:17

A2Z said:
Dammit, was planning to buy my first ever bonds at end of December so could be in Feb draw but totally forgot. Hopefully will remember to do it this month!

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I was going to go for moloko... lol

Amleto · 4 Jan 2024 at 21:51

people still waste time with these things? I would have thought the free trade platforms and £20k ISA allowances would have destroyed them by now.

Gixer · 5 Jan 2024 at 06:40

Amleto said:
people still waste time with these things? I would have thought the free trade platforms and £20k ISA allowances would have destroyed them by now.

I think many have already maxed their ISA allowance so dump the remainder into bonds. My bonds performance was OK compared to interest levels offered for ISAa but dipped below a threshold I wasn't happy with so I pulled 20k mid last year and put it into an ISA @5.9%. The 25.6k I have left in bonds now isn't seeing great returns at all annoyingly.

Chabsy · 5 Jan 2024 at 06:56

Gixer said:
I might

I think many have already maxed their ISA allowance so dump the remainder into bonds. My bonds performance was OK compared to interest levels offered for ISAa but dipped below a threshold I wasn't happy with so I pulled 20k mid last year and put it into an ISA @5.9%. The 25.6k I have left in bonds now isn't seeing great returns at all annoyingly.

Yes this is true. I have a 2 year isa paying 5% but that was taken out in this tax year so I am stuck until April.
There is also a chance of a big win which makes saving a bit more interesting.

200sols · 5 Jan 2024 at 07:27

Amleto said:
people still waste time with these things? I would have thought the free trade platforms and £20k ISA allowances would have destroyed them by now.

Many prefer to use ISAs for stocks, premium bonds are still very viable cash vehicles for taxpayers, especially higher rate payers.

Bald-Eagle22 · 5 Jan 2024 at 07:56

Amleto said:
people still waste time with these things? I would have thought the free trade platforms and £20k ISA allowances would have destroyed them by now.

ISA maxed , pension doing ok ish and I pay the higher rate tax.

As ready available cash to save for holidays and tax bills it’s a no brainier for me.

AndrewNR · 5 Jan 2024 at 11:41

200sols said:
Seems pretty average to me. Almost bang on the expected return.

True, shouldn't complain I guess.

orangeman2003 · 5 Jan 2024 at 11:45

my parents both have max premium bonds and normally win a few times a month. 200-300 normally but my mum is always wanting to tell me what they got :cry:

I should really start to invest myself