Whoo Hoo, Just Won On The Premium Bonds!

[ToraToraTora]

....Sadly only 2x£25, still hope for a bigger prize one day!

[emeritus]

£100 for me this month

[10ClarionSt]

Well done Tora Man. Something back from the govt.

[rockyracoon]

I'm asking, and feel cheeky, so feel free to not respond if this is impertinent.

How much do people have to invest to get decent winnings over the year? I know it's all chance and nothing guaranteed, but I was thinking of putting 15K into bonds with my son putting 15K (one account) and we'll halve any winnings. Will 30K give an increased chance of a few wins?

[Fibonacci]

https://www.moneysavingexpert.com/savings/premium-bonds/

[THECORBYLOON]

Martin Lewis' website, MoneySavingExpert, has a calculator to work out the expected return on premium bonds.

https://www.moneysavingexpert.com/savings/premium-bonds-calculator/

[rockyracoon]

Thank you both, That's interesting. If I have average luck, that's not a bad return seeing as our ISAs are delivering diddly squat.

[237SJ]

Just looked at my winnings for the year. Works out at about 1.45% which is net of course. Not that brilliant but there is always the chance of winning a large prize.

[bhg481]

I read somewhere that they've just increased the interest rate to 2.2%. Since the interest is shared between bond holders it follows that your chance of winning is directly proportional to the number of bonds you hold.

[10ClarionSt]

I'm just hoping that energy and food prices don't increase any further. Investment returns are not of any concern to me.

[dustypuss]

I still get mine by royal mail so I won't know if I've won until the middle of the month.

[gness]

We get ours through the NSI app immediately, Dusty. Dave and I sit with a nightcap at midnight waiting for the results. The one who wins gets the nightcap. :-)

[mumstheword1]

Me too £100 this time so happy

[dustypuss]

What's midnight! ;-)

[gness]

Midnight, Dusty is the middle of our day. Love the night except when Arky flies by the window.

[jourdain2]

All this makes me realise that I am, as I thought, unlucky. Ok, I don't have many Bonds (about £250) but in 55 years I have never won anything! Fortunately, gambling is not one of my sins!

[TheWinner]

dustypuss, you can check online if you've had a win, by entering your holders number.

[TheWinner]

for dustypuss
https://www.nsandi.com/prize-checker