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

[ToastMan76]

rockin said:

20:20 hindsight isn't worth a row of beans.

PB returns are so poor that you might as well treat it like the national lottery. In other words,

• Hold the bare minimum of PBs. Returns are so poor that it makes no difference how many you hold.
• Buy a lottery ticket each month. Returns are so poor that it makes no difference how many you buy.
• Keep your cash on deposit at the bank with at least some tax free interest.

And the underlying theme is?

• You're more likely to die of something horrible in the next few weeks than to get a big win, but
• You've got to be in it to win it.

Thats not the case at all though is it. If you spend £1 on a lottery ticket, if you dont win thats -£1, but the same with PB you still have your £1. Inflation does not impact the value as much as anybody would be bothered by, and its one of, if not THE best easy access account as you still always have a chance at a big prize.

Stocks and shares arent for everybody, and as Vangurd keeps telling me the value of shares can go down as well as up. Yes some people do well, others dont, thinking its a one way street was one of the causes of the credit crunch!

[Mr Whippy]

doogle83 said:

loskie said:

Zoon said:

number2 said:

Seems odd people having so much (multiples of 50k) in premium bonds. Outside of a short term home for cash, it must just be a small part of a multimillion pound investment portfolio .

True if you can afford to keep devaluing £100k a year by getting next to no returns on it.
Must be the new status symbol

With 50k the holder is likely to get the full published return of 1.5% or whatever it currently is so slightly better than a cash ISA

It's now 1%, and since the change at the start of the year I haven't even got that.

4 draws in and we're at 0.93% already with our £100,000, and no tax to pay on the returns.

It's only there temporarily between houses (wasn't this a good year to be between houses haha!) so needs to be safe and FSCS protected. Also getting as much away from tax as possible means that you can avoid paying tax on savings interest which is a real kick in the balls when you're already getting sub 1% kinda returns.

It's a very convenient place to just let money "rest" between doing things like re-investing, moving across to ISAs, etc.

[Evoluzione]

Hate it when a draw falls over a BH like this, when do we think the winners will be published? Tues, Weds?

[towser44]

Evoluzione said:

Hate it when a draw falls over a BH like this, when do we think the winners will be published? Tues, Weds?

Tomorrow the big winners down to a £1,000 will be available

[V8covin]

Evoluzione said:

Hate it when a draw falls over a BH like this, when do we think the winners will be published? Tues, Weds?

5th on the app

[Simpo Two]

n3il123 said:

ruprechtmonkeyboy said:

Was going to say, other than gold I don't think there is anything over the last year that hasn't gone up significantly!

PH Equity from intellegent money.

over a 6 month period i'm down by 0.62 % as of today and I appreciate that there are number of factors like putting money in regularly rather than a lump sum. I was just using it as an example.

You're comparing apples with oranges. PHE did +15% in the six months before you invested; had you chosen PHR you'd be laughing.

[towser44]

V8covin said:

Evoluzione said:

Hate it when a draw falls over a BH like this, when do we think the winners will be published? Tues, Weds?

5th on the app

Prizes down to a £1,000 are always available the day before online (not on the app though)

[n3il123]

Simpo Two said:

You're comparing apples with oranges. PHE did +15% in the six months before you invested; had you chosen PHR you'd be laughing.

Ffs it was an example phe was down pb were up, I could have picked another time span and the results would have been different.

Dont know why I bother tbh

[J210]

towser44 said:

Prizes down to a £1,000 are always available the day before online (not on the app though)

Do NS&I tell you before the office results if you have won 1k+ or only for 1 million ?

[V8covin]

J210 said:

Do NS&I tell you before the office results if you have won 1k+ or only for 1 million ?

Not for £1,000 no

[T5SOR]

I see one of the £1M winners has only had their holding since Feb-21!

[vladcjelli]

£100000 on £1510 is pretty handy.

[TheInternet]

J210 said:

Do NS&I tell you before the office results if you have won 1k+ or only for 1 million ?

You can sometimes confirm you've won nothing of significance by looking at the info on the high value winners list.

[doogle83]

vladcjelli said:

£100000 on £1510 is pretty handy.

Nice! Not looking great for any high value wins for me looking at the list this month...will continue to withdraw and stick it into S&S ISA I think.

[vladcjelli]

£25 on £10000 this month. That’s £125 since depositing in August.

[condor]

That's a shocker! nothing for me on the full amount

[loskie]

full 5ok invested

2 x 25 for me this month

50 so far this year so not great

[EarlOfHazard]

5x £25 on 50k invested.
Nice surprise after zilch last month.

[forest172]

£100 on £100k

[Sochaux]

£50 on £35,000.