Premium bonds winnings.

£150 for me and of course herself has to go better and get £200, one bank account so makes no difference really.
 
Graham W said:
Can I ask. How much do you invest (Roughly) in Premium Bonds? To make it worthwhile and give yourself a reasonable chance of a return.
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There are no guarantees of winning but the maximum holding of £50,000 would give you a reasonable chance of winning every month. It's easy to think of it as a 'winning' but in reality it's 'earnings'. Over the past 5 years my return has been lower than what l could of 'earned' by other ways of investing. Luckily l don't 'need' a large return on savings so l do it more for the fun of it.
 
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@Dave Canon
We were hoping for a hefty amount in August, so felt quite disappointed.

@beyond the blue​

Can I ask. How much do you invest (Roughly) in Premium Bonds?

A Lot !!
 
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Premium Bonds

Premium Bonds are the UK's most popular savings vehicle, but Martin Lewis' detailed analysis shows returns don't add up for many compared with savings.
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Me £100
Wife £75
 
We both have the max and do(touch wood) ok, yes I could make more in a different investment but one good prize could be life changing, it’s an exciting morning one day a month when hitting ‘have you won?’ button, other investments just pay a set income monthly and hopefully do that and still grow in value.
 
My mum died in June and I’ve just cashed in her PB holdings. She’d had £300 worth for over 60 years. Never won a penny.
 
Premium Bonds are a very poor return on the amount invested which has got worse over recent years (now 3.6% p.a.). I have just £3,000 in PB which returns £50-£100 p.a. but I guess there is a low probability of winning a large prize. I do have various other Government Bonds all of which return over 4% and various Shares which have higher and lower returns. A few years ago, I got the form to cancel the PB and get my money back to invest elsewhere but at the last minute my wife persuaded me to let it ride.

If I won £100,000 on PB, what could I do with it. Nothing for myself as you cannot buy health or reduce your age so it would go to my children. They would be embarrassed and not really want it as they are very much like we were and did not want hand outs.

Dave
 

@Dave Canon​

We hold PBs because we like them and the chance to perhaps win big some day.

If we were scathing of them we would not hold.
 
£100 for me in August. That's with £30k in bonds which was the max when I bought them.

£650 for the year to date.

My winnings just go into my current account.
 
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Holding the max amount we have no choice to have prizes paid into the bank, damn I’ll need to go a spend some at a local emporium on some more vinyl.
 
I've maxed this out and been averaging £125 for a few months.
I know someone who won £5100 a few months ago.
Despite the orange idiot and his shenanigans, I'm get a better return on shares.
 
beyond the blue said:
The state the countries finances are in I'm amazed they haven't increased the maximum holding.
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With rumours on ISA caps I doubt that would happen.
Wouldn't surprise me if they dropped the maximum on premium bonds.
 
beyond the blue said:
The state the countries finances are in I'm amazed they haven't increased the maximum holding.
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I think it's up to £50k now isn't it?

I haven't bothered buying any more. I think they're hard to justify if you look at them as income v a bank account, they only make sense to me if you take the fun factor into account. At some point in time they might have some clear advantage over bank accounts. Sadly we live in interesting times and Gosh knows what's going to happen in years to come.
 
woof woof said:
I think it's up to £50k now isn't it?

I haven't bothered buying any more. I think they're hard to justify if you look at them as income v a bank account, they only make sense to me if you take the fun factor into account. At some point in time they might have some clear advantage over bank accounts. Sadly we live in interesting times and Gosh knows what's going to happen in years to come.
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Yes 50K is the maximum.
By comparison on 50K you should get a better monthly payout but it's not guaranteed than you do with is sat in a bank account.
 
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We pay tax at higher rate and the £500 tax free limit is used, so whilst We may get more putting money in the bank, tax puts a big dent in it, and the chance of a big win from PBs is a bit of hope/fun, a long run of zero wins might change this thought but till then we keep going.
£46 spent on (4 used and 1 new) vinyl albums today, yippee.
 
I bought one premium bond when I was seven years old, with my birthday money! Never had a win yet! :rolleyes: I'm 74 now! :D
 
A former friend had £50k in bonds, He constantly complains if he did not get a big win , He complained if he had a £25 win , It should be more !!!!
 
Quote from a film, the title of which I have long forgotten: "Only a fool gambles if he can't cheat!"
 
F1.2 said:
A former friend had £50k in bonds, He constantly complains if he did not get a big win , He complained if he had a £25 win , It should be more !!!!
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I moan every bloody month with naff returns
 
beyond the blue said:
Someone in North East Scotland who has a holding of £1 bought in 1969 has just won £25,000. There's hope for us all yet.
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Phew! so still a chance for my £1 bought in about 1960'ish
 
Worst draw this year, I drew a blank and herself was on £25. Ah well only 30 days till the next one.
 
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