Topic: Premium Bonds

[John C]

My Mum has just won £550 - one £500 and two £25's.   

Excellent, that's the most I've heard of in ages.

A mixed month here, a mixture of Zero and a couple of £75's.

[Jake]

Naff all again.

John's laughing at me here

[John C]

Sincere apologies Jake

[Jake]

Ha, it'll be reete. The day I win one will be a good 'un.

[gazzalfc]

Won £25 in the march draw. First ever win and the money has been sitting there since 2016

[John C]

£50 for me, rest of the household was a bit crap also.

Anyone get anything decent?

[Jake]

Funnily enough... bugger all again

[John C]

Funnily enough... bugger all again

My lad is thinking of jibbing his, I must admit he's had quite a poor return from the good few grand he's got in there.

I've had £50k since my mum died in 2014 and I've probably had about 2% a year return. Not a great investment at all really, but because of her I had huge faith in PB's.
Hmmmm.

[Elmo!]

Chase UK are offering 1.5% instant access savings. You have to open a current account first but there is no requirement to pay any amount into current account per month.

Nationwide were also offering 2.5% a while back for existing customers but not sure if still on, and it is limited to £200 deposit per month and lasts for a year so you are looking at around £40 max interest for the year if you pay in the max.

I've moved all my emergency fund money from Marcus to Chase and putting max into Nationwide each month.

[pw1008]

£150 this month best I’ve had before this was £75.

[John C]

That's sound premiumbonds winner mate

[pw1008]

Haha might change to lw1008 see if it gets me any luck on the lottery cos having no luck on that!

[damomad]

£25 for the first time in 4 months.

[Andy @ Allerton!]

Has been steady, but the last two months - fuck all

[rob1966]

Just the one £25 this month.

[67CherryRed]

Heading for a full year of fuck all, with interest rates increasing surely it's time for them to increase the number of prizes.

[west_london_red]

£75 this month

[Red-Soldier]

Heading for a full year of fuck all, with interest rates increasing surely it's time for them to increase the number of prizes.

Line up everyone with £1,000 worth of Premium Bonds in order of their year's winnings, and the person halfway along would have won… not a penny! In fact, you'd need to walk past 70% of the line until you hit the first £25 winner.

Premium Bonds are the UK's biggest savings product, with more than 21 million people saving over £116 BILLION in them. But with other savings rates creeping back up – should you still be buying Premium Bonds?

[Joff]

Fuck all this month. 2 months of nothing, 3 months with prizes. Irks me when I don't win 😄

[west_london_red]

I remember reading something from Martin Lewis that said if you have less then £5k premium bonds are not a good investment

[Jake]

Heading for a full year of fuck all, with interest rates increasing surely it's time for them to increase the number of prizes.

How much you got in, if you don't mind me asking?

 

[-Willo-]

Just stick your money in a daily dividends pie on Trading212.

[Joff]

Everyone giving the advice to invest it elsewhere are ignoring the very small chance of winning large cash prize.
I also have money in shares, and over the last 3 months my share money has drastically underperformed compared to my premium bonds 🤣🤣🤣

[CraigDS]

Everyone giving the advice to invest it elsewhere are ignoring the very small chance of winning large cash prize.
I also have money in shares, and over the last 3 months my share money has drastically underperformed compared to my premium bonds 🤣🤣🤣

Going by your own figures in here you have £30,225 in PB's and have won £100 this year. Not sure where you have money in shares but even a moderate fund would likely have gained more than the PBs over the last 4 months.

[Elmo!]

Yeah my S&S ISA took a bit of a dip but has recovered completely.

If you are investing in individual shares then anything could happen... it's essentially gambling.

[Joff]

Going by your own figures in here you have £30,225 in PB's and have won £100 this year. Not sure where you have money in shares but even a moderate fund would likely have gained more than the PBs over the last 4 months.

Right.
But they also give me the security of not losing a vast amount of money in case I needed the money whilst also offering a large prize.

[Joff]

And I also own shares, don't forget. Diversified options on my money is sensible here.

I earn a very (very) modest salary and the money my wife and I have saved up is important, and not worth risking.

[Joff]

Going by your own figures in here you have £30,225 in PB's and have won £100 this year. Not sure where you have money in shares but even a moderate fund would likely have gained more than the PBs over the last 4 months.

I'm 28% down on my initial investment, 4 months ago I was back to my initial investment. I'm aware it will bounce back, but I don't have this uncertainty with PB.
I've had these shares, among others for over 10 years.

[filopastry]

Slightly annoying that rates haven't gone up to reflect the rise in base rates, will move my PB amount over to the Chase saver I think

[west_london_red]

Have the May numbers come through? My balance hasn’t changed, but not sure if that’s because I haven’t won anything or because the draw hasn’t been made.

[damomad]

May should be through today, nothing for me this month.

[Elmo!]

Slightly annoying that rates haven't gone up to reflect the rise in base rates, will move my PB amount over to the Chase saver I think

I don't have PBs but moved all my cash savings from Marcus into a Chase savings account last month, and started moving part of my salary in each month and doing all my day to day spending with the Chase current account, as you get 1% cashback on all spending.

I havent' done the maths but I reckon you are probably better off getting the extra interest and buying a lottery ticket compared to PBs. It will depend on how many PBs you have and how often you buy a lottery ticket of course.

[rob1966]

£200 between the missus and the kids, she got £25, eldest £75 and youngest £125

[west_london_red]

I don't have PBs but moved all my cash savings from Marcus into a Chase savings account last month, and started moving part of my salary in each month and doing all my day to day spending with the Chase current account, as you get 1% cashback on all spending.

I havent' done the maths but I reckon you are probably better off getting the extra interest and buying a lottery ticket compared to PBs. It will depend on how many PBs you have and how often you buy a lottery ticket of course.

There’s another rate rise expected tomorrow, so will wait and see if that prompts any action on savings rates from either NS&I or anyone else but will probably open a Chase account if there’s nothing better about. US rates have just been increased by 0.5% today so will be interesting to see what the BoE does tomorrow as the pound has taken a battering against the dollar the last month which is also not helping with energy priced in dollars.

[filopastry]

There’s another rate rise expected tomorrow, so will wait and see if that prompts any action on savings rates from either NS&I or anyone else but will probably open a Chase account if there’s nothing better about. US rates have just been increased by 0.5% today so will be interesting to see what the BoE does tomorrow as the pound has taken a battering against the dollar the last month which is also not helping with energy priced in dollars.

I think a 0.25% increase tomorrow is pretty nailed on.

[John C]

£200 between the missus and the kids, she got £25, eldest £75 and youngest £125

£100 in to my house. Very, very disappointing month.

[pw1008]

£50 here

[Jake]

Another month, another big fat zero.

Jc has had me on toast here

[John C]

Another month, another big fat zero.

Jc has had me on toast here

Sincere apologies mate, I must admit I've never been more pissed off as I am this year with the wins.

[west_london_red]

It’s annoying that none of the recent rate rises have been reflected in the prize fund being increased.