Family & Relationships0 min ago
Premium Bonds
11 Answers
Is there an optimum time to cash PBs? I do this from time to time in the hope of getting a more favourable set of numbers! I know that the new numbers do not come into play for the first month after purchasing but I was wondering how far into the month are the prize winning numbers drawn. Hope springs eternal!
Answers
Best Answer
No best answer has yet been selected by percyveer. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Every Premium Bond has exactly the same chance of winning as any other. You are not increasing your chances of winning by cashing old ones in and buying new ones. In fact you are diminishing your chance by having to wait a month for the new ones to go into the draw. There is a commonly held misconception that newer ones have more chance of winning because they appear more frequently in the list of winners but this is just because there aremore of them about, older ones having been cashed in etc.
Whatever you choose to do, Good Luck! :o)
Whatever you choose to do, Good Luck! :o)