premium bonds

[insurance]

has anyone had a win on the premium bonds within the last few draws.I have had mine since 1994 with no win yet.

[Hermia]

I've never had a win in 15 years. My maths genius friend worked out my probability of winning based on how many I owned and apparantly I should have won a few times by now. My maths genius friend has won a few times - grrr!

[lady_p_gold]

It really does depend how many you have. My mother has ten thousand and I think she won fifty pounds every month for the last five months.

[naz_nomad]

almost every month ...

[BigMac]

�50 in Jan 2007 and �50 in Jan 2006

As I have under �1k (and have not had this amount all the time) that's a pretty good rate of return.

I have held one �5 bond since 198? and have not won on it at all.

The Jan 2007 winner was bought in November 2006.
The Jan 2006 winner was bought in April 2005.

[johnny37]

See my post on 5/2/2007 entitled 'Interest Rates'. The NS&I website says each bond has a 24000 to 1 chance of a prize. I think it really depends how many you have. My children have �5 since 1967, �5 since 1977 and �5 since 1982 (when they were born). None of them have one a bean. I have had �5000 for 46 months and have won �450. This equates to a return of 2.83%, much less than I could get in a good savings account Its only a bit of fun with the hope of getting a big win, at the same time trying to keep pace with inflation. I was bored with safe investments.

[Nether Edge]

Despite all grumbles (above), Premium Bonds are generally an excellent investment. The winnings (if any) are tax-free, the odds of winning are far better than the N*t**n*l L*tt*ry, and you can always recover your investment.

[jollygreen]

I have �30k worth and I win something (usually between �50 and �200) every month.

[johnny37]

jollygreen, not knocking them (I have 15000) but 30000 would need to win �1368 pa to keep pace with the highest rate savings accounts (5.7% less 20% tax). 3.6% of the fund is paid out in prizes but of course you might hit the big one!

[lilacben]

So I dont stand a chance of ever winning as I only have �5 from 1968 and �10 from 1989. Brenda

[maimai]

I had 3000 in for 1.5 years and just got one �50. My friend had 30000 between selling a house at a profit and purchasing a new one - just under a year - won �50s most months. So less than a �1k really reduces your chances. If I had a spare 3000 it's straight into an isa for me now.

[insurance]

thanks for all your replys,I think i will leave them in and forget about them,might have a nice surprize on day !!!