Premium Bonds - Not a bean for months now!!!!

[steveo3002]

Timothy Bucktu said:

I invested 5k in PBs about five months ago...nothing.
I'm considering pulling it out and sticking it in a basic 4.1% savings account I have. I'd be up a few hundred quid by now

I am posting this in the hope I now win something. A bit like going to the loo in a restaurant prompts your food to be served on your return!

£20 a month if it was 5% some of the family have 5k worth and they never win either , id shove it in the bank

[jonwm]

Timothy Bucktu said:

I invested 5k in PBs about five months ago...nothing.
I'm considering pulling it out and sticking it in a basic 4.1% savings account I have. I'd be up a few hundred quid by now

I am posting this in the hope I now win something. A bit like going to the loo in a restaurant prompts your food to be served on your return!

Interestingly I invested £7k in 2020, my first win was in May 2021 was £5k, I've pretty much won most months since, not that amount but £25 - £100.

I used the winnings towards my Florida holiday I'm going on this Wednesday.

Hang in there!

[GT3Manthey]

jonwm said:

Interestingly I invested £7k in 2020, my first win was in May 2021 was £5k, I've pretty much won most months since, not that amount but £25 - £100.

I used the winnings towards my Florida holiday I'm going on this Wednesday.

Hang in there!

Good for you . Had 50 i for many years and the last 2 months got zero .

Luck of the draw

[hairy v]

£100 this month

[EVOTECH3BELL]

Decided to start moving money out of these bonds now

Interest rates are better, and guaranteed elsewhere.

[okgo]

EVOTECH3BELL said:

Decided to start moving money out of these bonds now

Interest rates are better, and guaranteed elsewhere.

Ahh here we are!

What took you so long? Rates were better than they are now even a year ago!

[halo34]

EVOTECH3BELL said:

Decided to start moving money out of these bonds now

Interest rates are better, and guaranteed elsewhere.

50% of mine went into CHIP this month @ 4.8% - with a sum put into their prize account just to see what happens. Rest will be moved next tax year for obvious reasons, but be interesting to operate like this for a 6 month period and see the returns.

Daughter just got another £50 on her investment of £125 initially so she is 100% up in 10 months - so cant complain for her!

[EVOTECH3BELL]

okgo said:

EVOTECH3BELL said:

Decided to start moving money out of these bonds now

Interest rates are better, and guaranteed elsewhere.

Ahh here we are!

What took you so long? Rates were better than they are now even a year ago!

Bereavement and thinkings lifes too short to save and sit on money. A year thinking I wanted to buy a fancy car etc etc but now decided not to.
Use some money to pay my student loan off, put a chunk into my S&S ISA for long term retirement planning.
Keep some in bonds and the rest in a savings account.

[KobayashiMaru86]

I had my first win on the £20k I put in a few months ago. Only £100 but it's a start. I have £10k I'll think about putting elsewhere. Last I looked the Principality did an OK ISA.

[_Hoppers]

This popped up in my recommended videos on Youtube. He claims that with average luck it would take 100,000 years to win the jackpot with £50k invested!



I've had £4500 for about a year in PBs but have only won £75 . I've just opened a Beehive Account with 5.2% so I'm diverting my savings into that instead.

Edited by _Hoppers on Tuesday 19th March 12:48

[VR99]

Apologies if this has been asked before:
how long does it take to apply/setup a PB account and if withdrawing funds, typical time from request to receiving funds into bank account?

[okgo]

Can’t remember the set up but it’s about 2-3 days to hit a bank account from withdrawal.

[trickywoo]

_Hoppers said:

This popped up in my recommended videos on Youtube. He claims that with average luck it would take 100,000 years to win the jackpot with £50k invested!

I don’t dispute that but on the other side of the statistics you have people with £100 total holding winning £100k and £50k. There are usually at least a couple like this every month.

[Hub]

The odds of the jackpot are tiny because there are only two a month, fixed and unrelated to the number of bonds in the system. Are people really in it for the actual jackpot, or just a tax free chance to win a few quid?

[Thin White Duke]

Of course the jackpot interests me, but I'd be over the moon to win any of the large prizes - £5k or above.

[Damp Logs]

trickywoo said:

_Hoppers said:

This popped up in my recommended videos on Youtube. He claims that with average luck it would take 100,000 years to win the jackpot with £50k invested!

I don’t dispute that but on the other side of the statistics you have people with £100 total holding winning £100k and £50k. There are usually at least a couple like this every month.

So we should all reduce our holdings to £100……….that should guarantee a big win…..

[johnpsanderson]

Kicking myself for not sorting sooner this month but went to pay some more into PBs last night (in order to catch the May draw) and found the login/text so delayed it was impossible to actually login…

Ho hum, first world problem I suppose.

[E63eeeeee...]

johnpsanderson said:

Kicking myself for not sorting sooner this month but went to pay some more into PBs last night (in order to catch the May draw) and found the login/text so delayed it was impossible to actually login…

Ho hum, first world problem I suppose.

I don't think you'd have made the cutoff anyway. I paid in on Friday and the transaction date was showing as 2nd April. I had meant to do it on Thursday as the last working day because I wasn't sure which was the cutoff and wanted to be safe, but Thursday was a busy day and I forgot.

[Register1]

I also paid money in on Friday.
Hoping for it to count for May's payout.

[okgo]

I need to hold some more cash - can I treat my son’s name just as an extension to mine? I.e no entry / withdrawals limits? Basically just like having another account?