Premium Bonds....

[DangerUXD]

I've heard several people claim that premium bonds bought more recently win more often. National Savings claim there is an equal chance of all bonds winning. Has anyone any evidence to suggest here is any age related bias? I've always thought it was an urban myth but I heard recently of a chap wins well who keeps recycling them. Any ideas anyone?

[sir.prize]

Its an urban myth started on Only Fools and Horses!

[Sqad]

LOL....I agree with sir prize.

[Prudie]

I don't think it's a myth, I think it's true

[buildersmate]

£60k of holdings held for 4 years.
Annual payouts go up and down a bit, but have averaged £600 per annum (i.e. 1%pa return). All £25s except for once at £50.
Still awaiting that elusive larger win.

Urban myth, as per methyl

[bednobs]

how can you have 60k worth bm, i thought the limit was 30k?

[dannyk13]

I have won a couple of times and both were from earliest bonds.

[buildersmate]

2 people, bn.

[Barmaid]

In my experience, people always win prizes once they have died. No idea why this is, but I have dealt with upteen estates (the bonds can be left in the draw for up to 12 mos after death) and THEY ALWAYS SEEM TO WIN!

[gness]

Barmaid...My OH had lots of small wins until two months after he died...that was when he had a big win. :-(

[rsvp]

Sorry to hear that gness - this thread makes me appreciate my modest wins.

[gness]

Thanks RSVP.....The irony was that we competed for fun every month with our bonds.....he nearly always won and I rarely did.....he didn't have the opportunity to pull my leg about being the one to get the big win.....though I do now win something most months.
A tip though....I always check my bonds online. One month I won £75 but the bonds never arrived...it was sorted but only because I knew I had won.

[Baldric]

I have a block of 100, bought for me by G/parents on day I was born ('51)
they've not won a penny.

[rsvp]

sounds like a great partnership gness and one filled with that elusive element ' a bit of fun and good natured competitiveness' - good stuff.
Thanks for the tip - will check my numbers online.

[dzug2]

One (alleged) incident hardly constitutes 'evidence'. He'd win even better if he didn't keep recycling them.

Not sure of the current situation but a year or so back you were pretty much assured of a small prize every few months if you had the maximum holding.

[factor-fiction]

This may help
http://citywire.co.uk/money/the-friday-five-popular-nsandi-premium-bond-myths-busted/a594492

[factor-fiction]

http://www.bbc.co.uk/news/business-13441966
This says more bonds have been sold in the last 7 years than in the previous 48 years. So it's not surprising if bond winners follow the same pattern

[DangerUXD]

Ok thanks all, some good points came up there.

[Baldric]

//The bonds were introduced by Harold Macmillan in his 1956 budget.//

Just found that ^^^^ in Wiki, somebody has been fibbing to me all those years!
(my post @ 18:32 yesterday)