premium bonds.

[Count Steer]

Had an email on Friday to say I'd won something. It hasn't landed in the bank a/c yet. As someone on here said, if they notify the big prizes first, I'll assume it's £25.

Not life changing but better than £0.

[Dodgy69]

You need the prize checker app. It's very exciting, even better when you win.

[Count Steer]

You need the prize checker app. It's very exciting, even better when you win.

I was going to load the PB app until I found you can't buy/sell PBs using it, then it didn't seem worth battling through the security. It's more complicated than banking and share dealing/management!

TBH I like the anticipation of waiting to see if I get an email and then waiting to see how many ££s...it's not real money until it's in the bank account. If winnings were reinvested then I probably/possibly would. Maybe.

[Taipan]

But, you get little winning GIFs when you win. This month a lady toasted me with a champagne glass! It made my £75 seem so much more!

[Count Steer]

£50. 2023 started well too. Seemed to get something every month but faded a bit in the second half.

[Demannu]

Didn't get a message this Jan, so assumed a diddly month.......until we had a look in the slush fund account, £575 to the good.
Takes the sting off sorting out stepsons misdemeanours!

[Zimbo]

Wow, result!
£250 for me, 3x£50, 1x£100

[Dodgy69]

£150

[weeksy]

Wow, well done you lot.

[Taipan]

1 x £50, 2 x £100.

[KungFooBob]

Officially NS&I says you will get the equivalent of 4,65% return, plus the chance of winning a million every month (or a smaller prize, only two people a month win a million, but IIRC over a thousand people every month win amounts from £10k-100k).

Does anyone know of anywhere better to keep your savings?

but isn't that 4.65% based on having a certain amount in there and 'average' luck?

Our NS&I bond matures in a couple of days, we took it out at 4% and they've offered to renew it at 5.5%, which is a bit more than they're offering for new customers.

[Mr. Dazzle]

Yeah the 4.65% is average winnings over a long period, so it's only really valid for long long term savings.

Supposedly the actual probabilities are very hard to work out. Money Saving Expert has a good article on it.

How long is that 5.5% for BTW? I've currently got a few bonds at 5.38% for 6 months.

I've got one at 6.75% for 9 years in my SIPP! But I fully appreciate that ones a bit risky, so I didn't put that much in.

[Mr. Dazzle]

Premium bonds are unlike any other savings though in that the rate is linked to how much you have in there*.

If you have just one you're very very VERY unlikely to get that 4.75%. In fact you can't, cause the smallest prize is bigger than that?

If you're maxed out then yeah you'll get the 4.75% over a long enough period.

*yeah I know some methods will pay you more to save more, work with me here

[Mr. Dazzle]

The only thing wrong with that statement is the "you'll get" .

You're statistically likely to get doesn't sell it quite so well.

You can very conceivably get FA (witness, this thread) and I don't think anyone here has got that million just yet?

[Jody]

Nothing this month, but I pulled a lump out of PB's to put somewhere else, so I only had 2-3 K in there

[crust]

Woo hoo!!!

First qualifying month and bingo - 4 x £100

[David]

Just checked....not a sausage.
I have had 10 quid in there since the 70's.


I am going to complain.

[Dodgy69]

My challenge for this year is to get higher up this list..

https://www.nsandi.com/prize-checker/winners

[Dodgy69]

I never get tempted to do the lotteries, the chance of winning is beyond my understanding, whereas the PB often gives me a little prize and maybe, just maybe, something a bit bigger.

[Mr. Dazzle]

get me just a little bit excited and have a bit of a daydream about how I’d spend ten million.

That's what your ticket price (£2.50? I dunno, I remember it being a quid. I also broke my arm on the day of the first ever draw in the 90s. Funny things memories) actually gets you, isn't it?

I enter Euromillions when it's >£100m sometimes. Which is fucking daft, 'cause £5m or £100m would both have a major transformative effect on my life I ain't paying the idiot tax for just a paltry 5 mil though!

I never get tempted to do the lotteries, the chance of winning is beyond my understanding, whereas the PB often gives me a little prize and maybe, just maybe, something a bit bigger.

You're far more likely to win the Euromillions (assuming you enter ) than you are to win a million quid in the PBs in any given month. Advantage with PBs of course is that you get your money back even if you lose!