Your Biggest £ Win on the Premium Bonds...

57Deluxe

Just a straw poll into real-life expectations... - me £500 - but sod's law 2 days later the master cylinder went on my 4x4 and cost £565 to fix! 

No Guitar for me.

fretmeister

Never played. 

TTony

This gives you the odds of winning a payout (of any value) in a month;
https://www.nsandi.com/products/premium-bonds

(1 in 21,000 for every £1 you've got in PBs).

This then shows you the odds of your payout being of each possible value;
https://www.nsandi.com/get-to-know-us/monthly-prize-allocation

(1 in 73 of being £500 or above).

Overall, the current rate of return, pa, is aimed at 4.40% (but that's tax free, so isn't too bad, particularly if you're paying higher rate tax).


We'll regularly get close to £500 in a month, but as an aggregation of smaller prizes rather than any single large value amount.  That said, we've got slightly more than £1 in Premium Bonds!

tony99

£100 I think

boogieman

Nothing. I was part of a pools syndicate at work donkeys years ago. We never won a penny and when I changed branches and they asked if I wanted to stay in? I said no. Sods Law they won big a couple of months later… not £millions big but enough for everyone to pay off their mortgage, get a newer car, go on a nice holiday big. 

Meant to say also my mum has had p/bonds for 60 plus years and has never won a thing. 

PolarityMan

I got a big one.

PolarityMan

Also I won a pretty significant prizse on the premium bonds last summer.

monquixote

I've had £500 out of it before but I've got quite a few.

RandallFlagg

Premium bonds are a poor investment.

https://youtu.be/ixtjDEl-LOs?si=vt_f4uNMr5Yefj0q

gordiji

RandallFlagg said:

Premium bonds are a poor investment.

Not for the winners

jonnyburgo

£1000 about 10 yrs ago, got £100 today, son got £100 last month and wife got £50, father in law is maxed out and he gets around £200 a month. We usually get something, maybe 9 out of 12 months.

RaymondLin

£0.

i only have 1 entry lol

wesker123

jonnyburgo said:

£1000 about 10 yrs ago, got £100 today, son got £100 last month and wife got £50, father in law is maxed out and he gets around £200 a month. We usually get something, maybe 9 out of 12 months.

Interesting. Do you have a lot invested?

jonnyburgo

wesker123 said:

jonnyburgo said:

£1000 about 10 yrs ago, got £100 today, son got £100 last month and wife got £50, father in law is maxed out and he gets around £200 a month. We usually get something, maybe 9 out of 12 months.

Interesting. Do you have a lot invested?

I have about 11k, I just stick any prizes into an ISA and have a  DD setup of £100 a month, if I added up my last years probably a return of about 5% which isn't amazing, I think the current best ISA is around 5.7% I just see it as an emergency fund really with infinitesimally small chance of a big win.

EricTheWeary

I don't have but my mother in law had quite a few. If she ever won big I didn't know about it. They were,IIRC cashed in when she died. 

TTony

RandallFlagg said:

Premium bonds are a poor investment.

Its not really an “investment” comparable to shares et al though.

Its somewhere to put spare cash, with easy/instant access, and is protected - like a bank account.

The difference to a bank account is that you might win big (or nothing).

jdgm

Never won anything though I didn't have much invested.

But I have friends with several £k in and they regularly win £100 or £50 or....small amounts, but it all helps!

Woodandwires

My wife won £600 and I won £170 on today’s draw. We win most months a couple of hundred pounds each. It’s a better return than we get from the bank or ISA’s. Without any risks and easy access if required.

ThePrettyDamned

I don't do this but maybe I should - I have a maxed out 5 percent per year interest bank account, and most of my other savings are now going into a 3.something percent account (including the interest from the 5 percent account - every little helps!). Is this worth doing or is there a "tipping point" where the odds increase sufficiently that it's sort of worth while treating for growing funds a bit?

RandallFlagg

gordiji said:

RandallFlagg said:

Premium bonds are a poor investment.

Not for the winners

The odds of winning big are far worse than the National Lottery, where the odds are poor to start with.

You can get a better return on a high interest cash savings account and if you want to gamble the odds of wining in the horses is far better.

RandallFlagg

ThePrettyDamned said:

I don't do this but maybe I should - I have a maxed out 5 percent per year interest bank account, and most of my other savings are now going into a 3.something percent account (including the interest from the 5 percent account - every little helps!). Is this worth doing or is there a "tipping point" where the odds increase sufficiently that it's sort of worth while treating for growing funds a bit?

Why don't you invest your money in stocks and shares?