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

I originally had one £1 bond in 1958 - It won £50 somewhere in early 90's so there is hope - Not much but hope. :)
I read that the last couple of big winners on bonds didn't actually have that much put into premium bonds, one had like £100, the other a bit more. So you don't /have/ to have anywhere near the max £50k in there to win it, just need to be sure the gods have your name in mind when luck is dished out :p
 
i sell mine and get fresh numbers every couple of years
Isn't this quite dumb, it's been proven that new bonds don't have a higher chance of winning and you're losing a months chance of winning each time you do this?

Each bond has roughly a 1:24k chance of winning a prize regardless of when you bought it. It only appears that new bonds are more likely to win is the fact an overwhelming percentage of bonds have been bought since 2010 (77% bought after 2010, 19% between 2000 & 2010 and 4% older than 2000) and old bonds are more likely to have been cashed in. As far as I know you need to own a bond for at least one full month before it's eligible for for a prize so you're far better off keeping them.
 
Wonder if I should cash in my £10 bond holding, I've never won a bean with them.

It seems a lot of people have a similar or less amount held as a rainy day fund and have won nothing or £25. I'm the same. I was winning £25 minimum every month with my house deposit in there, now at ~£8k, nothing, zilch. I'm going to wait about 2 months to see if this new average return increase makes any difference, unlikely i suspect, and just stick all but £1k into ISA/savings etc

Edit. Read your post as £10k
 
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i sell mine and get fresh numbers every couple of years
Do you realise that makes no difference to your chance of winning - except that it takes you out of the draw entirely for two months?

EDIT: Should have read the last page before posting!
 
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Maybe that's just what they want you think, complete coincidence no doubt, but going from winning nothing for 10 years, and then selling my bonds and rebuying them, and winning 6 times in 3 years, certainly makes it feel like a difference
 
Maybe that's just what they want you think, complete coincidence no doubt, but going from winning nothing for 10 years, and then selling my bonds and rebuying them, and winning 6 times in 3 years, certainly makes it feel like a difference

Didn't they change the rules a while back about reducing the size of large payouts but increasing the number of smaller ones?
 
Didn't they change the rules a while back about reducing the size of large payouts but increasing the number of smaller ones?

I half have in the back of my mind they did so something.

Thing is when they change the prize "rate" they do a new set of distribution numbers at that point so even if they didnt specifically change something when the rate changes they can tinker with the distribution
(as they did in Oct)

This is what happened, far fewer £25s but lots more £50s

Breakdown of Premium Bond prizes​

Value of prizes in September 2022Number of prizes in September 2022Value of prizes in October 2022 (estimated)Number of prizes in October 2022 (estimated)
£1,000,0002£1,000,0002
£100,00010£100,00018
£50,00020£50,00035
£25,00039£25,00072
£10,00098£10,000178
£5,000199£5,000357
£1,0002,779£1,0004,364
£5008,337£50013,092
£10038,137£100728,737
£5038,137£50728,737
£254,774,798£253,484,716
Total:
£138,988,000
Total
4,862,556
Total
£218,253,450
Total
4,960,308
 
ive been thinking of taking mine out
but Ive had good returns for a small amount in

i haven't had it a year yet, and i won 3x £25 i think which beats savings

but, i heard its best to leave it in, as in the longer you leave it in the more chances you get ? as they "mature" ?

usually pay myself a chunk of my take home every month and put it in bonds , if I need to take a little out for I don't know , booking or hotel or something then I'd wait unti minmum after the draw. Iv been trying to work out the algorithm of how it works
 
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