Premium Bonds - Not a bean for months now!!!!
Discussion
TwigtheWonderkid said:
So the wife and I have now had 2 draws since we increased our combined holdings to £90K. Total winnings in those 2 draws is £75. If that rate continues, that'll be £450 on £90K, so 0.5%. Out of the Marcus fire into the PB frying pan.
Similar to me which is why I wanted to work out the rates over the last 12 months as I knew I'd had quite a good one compared to the advertised numbers.(Edit - actually, think it used to be 1.4% so maybe not so great!)
£90k this month - £50
£75k last month - £25
A marked difference to the 1.35% we'd achieved in the 12 months before (thanks to DDg, I worked it out after I'd woken up a bit).
This is more of a holding account for me though so I'll just accelerate getting the money out now I think
Edited by doogle83 on Tuesday 2nd February 15:09
doogle83 said:
TwigtheWonderkid said:
So the wife and I have now had 2 draws since we increased our combined holdings to £90K. Total winnings in those 2 draws is £75. If that rate continues, that'll be £450 on £90K, so 0.5%. Out of the Marcus fire into the PB frying pan.
Similar to me which is why I wanted to work out the rates over the last 12 months as I knew I'd had quite a good one compared to the advertised numbers.(Edit - actually, think it used to be 1.4% so maybe not so great!)
£90k this month - £50
£75k last month - £25
A marked difference to the 1.35% we'd achieved in the 12 months before (thanks to DDg, I worked it out after I'd woken up a bit).
This is more of a holding account for me though so I'll just accelerate getting the money out now I think
Edited by doogle83 on Tuesday 2nd February 15:09
Jan - wife £25, me £25
Feb - wife £25, me £125 (3x £25, 1x £50)
All my bonds were bought in one big chunk, so all four of those prizes landed in a pretty narrow range of bond numbers.
Also holding account here, bit of a lottery type affair (with an ok base-line interest that won't need to go on tax returns) while we wait for a house to come up locally.
DDg said:
Hi Doogle83, I definitely didn't understand what you were asking (how to work out effective % return when the holding changes through the year). My holding stays the same all the time. I'd like to know an excel formula too.
I ended up cheating a bit as the number didn't change massively over 2020 so I took more of an average just to get an idea of where I was and where it is now ...which is a fair bit worse! 
...although not surprising as the published rates changed. Lagom said:
on £100k family holding:
Jan 2021 - £50 (2 x £25)
Feb 2021 - £175 (7 x £25)
You're doing better than us, also with £100K:Jan 2021 - £50 (2 x £25)
Feb 2021 - £175 (7 x £25)
Jan £25
Feb £150
Did also get £25 on late FIL's £20K too.
The email to say I'd won came very early this month - I was hoping that meant a more substantial win, but they were just teasing.
I've not done the sums, and we're a small sample on this forum anyway, but the odds drop would seem to have fed through. Many fair size holdings not getting much of a return, mine included.
Kitchen put back slightly so money will be in there for the next draw but I'm not unhappy about taking it out now! The bonds served their purpose as a fun way to preserve capital for a short period.
Kitchen put back slightly so money will be in there for the next draw but I'm not unhappy about taking it out now! The bonds served their purpose as a fun way to preserve capital for a short period.
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