Premium bonds - weird coincidence

[PK99]

We cancelled all our Premium Bonds a decade or more ago - or so we thought!

Apparently I missed one which I still hold.

On my 65th Birthday I received a prize cheque for £25!

 

[ianrauk]

Got a nice £50 this month too....beers on us

 

[PeteXXX]

£100 here. Looking forward to October's prize 🏆

 

[Archie_tect]

Happy belated 65th birthday PK!

The joy of winning... + a decent return for accessible savings.

1.5% annual average pay-out compared to 0.1% from banks and building societies!

 

[Sterlo]

It is changing though, dropping to 1% from 1.4%, chances of winning going from 1 in 24500 to 1 in 34500. Still, if all of the savings account are dropping their rates as well, still might be worth a pop. I've been thinking about it for a while, think I might risk moving some savings.

 

[vickster]

I had £125 in August and £100 in September (darn sight better than any other savings account!)

 

[Sterlo]

I had £125 in August and £100 in September (darn sight better than any other savings account!)

If you don't mind us asking, how much do you have invested?

 

[vickster]

If you don't mind us asking, how much do you have invested?

50k

 

[Sterlo]

50k

Good return then, 2%+

 

[vickster]

Good return then, 2%+

That’s unusual but I do get £25 or £50 most months

 

[potsy]

I put a few quid in a couple of months ago, after reading something on here.

After yesterday's announcement of the huge interest rate drops in their Income Bond Account I might just put that money into PBs too.

I would be happy with a similar return to vickster's 2%.

 

[Tenkaykev]

I was ahead of my expected statisticall returns for quite a while but the last few months has seen that reverting to the norm.
I reinvest each months winnings as they go into the following months draw, whereas purchased bonds miss the following months draw.

 

[annedonnelly]

I haven't had any prizes for probably a couple of years now. I've a couple of accounts with better interest rates than that so I might be cashing mine in soon. Though I suppose a couple have sentimental value - my granda used to buy them for us.

 

[Paulus]

50k

Like you I have the maximum invested, and over the last year I have had £225 back, so not a bad return.

 

[vickster]

Like you I have the maximum invested, and over the last year I have had £225 back, so not a bad return.

I’ve had £375 across the last 7 draws (April onwards)
I did up my holding in May I think from 35-50k