Thanks for sharing those results. Very interesting. I also share my premium bond results month by month. For the months you mentioned Jun 23 to May 24 the total was £2,700. Keep up the good work Andy.
My sister started Premium Bonds a year ago with £10k and within 6 months she'd won a £5k prize, as well as a few small ones. So, luck of the draw but it's worked for her and I'm a tad jealous;)
I’ve got the full £50k. Last 6 months I’ve received Dec: £100 Jan: £225 Feb: £325 Mar: £50 Apr: £100 £700 in 6 months. Bearing in mind I max my savings allowance already.
@@reuben4364 it’s my contingency cash, so need to put it somewhere liquid. I already max out ISA and pension. Saving accounts already use tax free allowance
@@reuben4364 yes but my pension and ISA already maxed out as is my savings allowance. This is also my contingency money. I like the idea of having the ability to win big. Earning a few extra hundred a year in a savings account doesn’t do much for me
@@andysutton9780 yes I wasn’t bragging just giving my stats. In any case it’s my contingency fund so I’m not too fussed about a return;- just want it liquid. The possibility of winning a prize despite % being so low is still something id happily sacrifice a couple % points that I could get in a bank
I put 20k in a year ago I've reinvested my winnings. I made £1075 over 11 months and this months draw I had 3 wins £50, £100 & £1000. In a year I've made £2225. premium bond calculator: £750 with average luck, I've been extremely lucky beating that. I've had 1 or 2 months where I didn't win anything
Great video. Love PB's. The thrill of seeing if you've won every month. Had my best month this month, with a single £500 win. I put all my wins into my ISA. It'll interesting to see how we get on.
At 28 years of age and being an in theory “additional rate tax payer”, I put a significant amount to pension (10-25% in personal contributions, and then employer match on top) - especially now lifetime allowance has been lifted. This allows me to bring down my taxable income into effectively being classed as a higher rate tax payer. Personal savings allowance is maxed out by my emergency fund/additional savings sitting in 5% interest paying savings account and ISA allowance is maxed out in S&S for hopefully an earlier retirement ! I have parked my house deposit (£50k) in the premium bonds because (a) i thought I’d likely come out on top, when considering tax which would have otherwise been payable and (b) I like the security, as I’d be looking to buy in the next year. In the last 7 draws, I’ve won a combined total of: £1,075. I’ve never not won anything, but have had a couple of months of £50 wins and the highest win I’ve had has been £400.
It's the most frustrating 'investment'. My holding - £50k, my girlfriend - £30k, her mother - £10k. May's winnings, me - £100, girlfriend- £475, her mother - £1000. 😂
My partner had £5K stashed away for a couple of months while he was waiting to pay our window guy. He won twice, made about £250 on it before paying the invoice. I popped in £8K after a property sale. First month? Nothing 😂 I never was the lucky one out of the two of us!!
Thanks for doing the maths, Andy. Figured I was about breaking even but it seems I'm a little up so far. 7 draws = £2425 @ £50k = 4.9% (I'm a 20% tax payer) I enjoy the thrill of opening the NS&I app every month!!
It’s worth noting that eventually chance becomes certainty given a large enough timescale, even winning the million would become fact, though you may have to hold the bonds for a few thousand years. As you hold bonds for longer and longer you will find overall your money earned will come close to the average return. Some years up some down, you might even have a bad run for a few years and a good run for some more but over decades it will get close to average. That said the average is dependant on having a lot of bonds, and if you’re holding premium bonds for a long term investment there are other areas that will get you a much better return.
We love PBs and the 4 of us in our household have them. Enjoy tracking the wins and sharing updates with family and friends who also hold PBs. We’re under no illusion that’s it’s all down to luck and we accept the fact that we lose out on guaranteed interest elsewhere to play each month. Last year (my first full year) I received 5.6% prize return on my holding so I was happy with that. Here’s hoping I beat that this year… I will add that due to how we prioritise our finances we’d never fill an ISA in a year, so we add what we can to PBs in the hope of beating a basic ISA rate. We can also get to that money if we need it, of course.
I have been getting some awful results and have moved the majority of the money into savings. My avg was around 2%. My philosophy is if saving rates are low, then premium bonds give you the chance of some big wins, so why not, but is saving rates are higher then make your money work for you.
My parents bought £5 worth 40 iears ago NEVER won a thing, I won't be investing in them, it's all about how many you have. I'd rather have the interest in savings or stocks and shares.
I had £12 of PB from birth, 1963. I invested about £800 in 2018. In 2019 I won £25. I left the £25+£12=£37 in PB withdrew the rest. I have seen that people with low investments in PB do hit big wins. I would like to invest more in PB's I think they are a good idea and safe.
I have an ISA, rainy day saver, prize bonds, premium bonds, I play thunder ball and hot picks, charity lotto and postcode lottery. For me it’s about having as many irons in the fire as possible. Likely will stop postcode lotto at end of year as it is £12
£1,500 for me across the year in question with the full holding. I have never won more than £250 in one month so hope to break that come the June draw 🤞🏻
Me and my wife have £100k in and have hit £5800 in winnings so far- I’ve been in 12 months, she 10 months so we may hit 6% Pa tax free first year which is good.
A histogram / bar chart of those results would make the differences easy to see. Maybe next month? My £50k investment was rubbish last year, only partially redeemed by one good (£825) month to 3%. This year Im getting rid as i need the money for some other things. Sold £20k after Jans draw Last entry August then i'll sell the rest. Of course i had my biggest win after i sold nearlly half lol £1100 but only £25 this month.
I agree, I don’t think premium bonds should be seen as a primary savings account. I use it to park money tax free, as my ISA allowance has been filled this year, if it hadn’t I’d probably have only some money in premium bonds and spread the rest over other savings accounts. It’s just a way to park money and avoid tax on savings(for me personally)
I know it makes no odds, but I'd be interested to know how the 50k was purchased by each saver. One purchase of 50k or lots of little purchases? Would satisfy my curiosity at least 😂
Another feature of Premium Bonds that most people don't know is that even if you have a large holding it takes a considerable time for your average return to approach the nominal prize rate. This is because there are a lot of small prizes (£25) and very few mid sized prizes (£50 - £1.000). So you don't win a mid size prize very often, and you need some of them to get your average winnings up to the nominal rate. I have the full £50k and it took about 18 months for my return to get close to the nominal value. By the nominal value I mean 80% of the published prize rate (currently 4.4%) because the chance of winning any prizes larger than £1000 is so small that you can ignore them.
@@3999MILES Yes, the prize distribution does change. In that 18 months it took to reach 80% of the nominal interest I won 29 x £25, 0 x £50 and 1 x £100. Six months later I won my one and only £1,000 prize.
Andy ,would it be wise to cash in broken up amounts that eventually add up to £50k then buy again with a full block of £50k, could this make any difference?
That would make absolutely no difference at all. You’d also lose a month’s draw by cashing out and buying in again. It’s a common argument in the PB Facebook group. All bonds have an equal chance so scattered or chunked it makes no difference to the chance of winning.
Just wonder Same bond(stocks), same amount of money and same amount of time Saver 1 300 pounds per month Saver 2 75 pounds per week Saver 3 9.4 pounds per day For 10 years who will win?
I have £16k in and have won loads of £50 and £100s regularly over the last few years. This month, I won £10,000k Result!!
Thanks for sharing those results. Very interesting. I also share my premium bond results month by month. For the months you mentioned Jun 23 to May 24 the total was £2,700. Keep up the good work Andy.
Not bad at all! Beats the easy access account
Nice 👌
My sister started Premium Bonds a year ago with £10k and within 6 months she'd won a £5k prize, as well as a few small ones. So, luck of the draw but it's worked for her and I'm a tad jealous;)
That’s a lovely return!
I’ve got the full £50k. Last 6 months I’ve received
Dec: £100
Jan: £225
Feb: £325
Mar: £50
Apr: £100
£700 in 6 months. Bearing in mind I max my savings allowance already.
Extrapolating a 2.8% return. Regardless of tax status, that’s quite poor
@@reuben4364 it’s my contingency cash, so need to put it somewhere liquid. I already max out ISA and pension. Saving accounts already use tax free allowance
@@reuben4364 yes but my pension and ISA already maxed out as is my savings allowance. This is also my contingency money. I like the idea of having the ability to win big. Earning a few extra hundred a year in a savings account doesn’t do much for me
That's awful returns, from 50k id be expecting anywhere from 2.5k-5k per annum
@@andysutton9780 yes I wasn’t bragging just giving my stats. In any case it’s my contingency fund so I’m not too fussed about a return;- just want it liquid. The possibility of winning a prize despite % being so low is still something id happily sacrifice a couple % points that I could get in a bank
I put 20k in a year ago I've reinvested my winnings. I made £1075 over 11 months and this months draw I had 3 wins £50, £100 & £1000. In a year I've made £2225. premium bond calculator: £750 with average luck, I've been extremely lucky beating that. I've had 1 or 2 months where I didn't win anything
Great video. Love PB's. The thrill of seeing if you've won every month. Had my best month this month, with a single £500 win. I put all my wins into my ISA. It'll interesting to see how we get on.
At 28 years of age and being an in theory “additional rate tax payer”, I put a significant amount to pension (10-25% in personal contributions, and then employer match on top) - especially now lifetime allowance has been lifted.
This allows me to bring down my taxable income into effectively being classed as a higher rate tax payer.
Personal savings allowance is maxed out by my emergency fund/additional savings sitting in 5% interest paying savings account and ISA allowance is maxed out in S&S for hopefully an earlier retirement !
I have parked my house deposit (£50k) in the premium bonds because (a) i thought I’d likely come out on top, when considering tax which would have otherwise been payable and (b) I like the security, as I’d be looking to buy in the next year.
In the last 7 draws, I’ve won a combined total of: £1,075. I’ve never not won anything, but have had a couple of months of £50 wins and the highest win I’ve had has been £400.
It's the most frustrating 'investment'. My holding - £50k, my girlfriend - £30k, her mother - £10k. May's winnings, me - £100, girlfriend- £475, her mother - £1000. 😂
My partner had £5K stashed away for a couple of months while he was waiting to pay our window guy. He won twice, made about £250 on it before paying the invoice. I popped in £8K after a property sale. First month? Nothing 😂 I never was the lucky one out of the two of us!!
@Pentan797 the first month of a deposit you aren't entered into the draws.
It’s not an investment .
Thanks for doing the maths, Andy. Figured I was about breaking even but it seems I'm a little up so far. 7 draws = £2425 @ £50k = 4.9% (I'm a 20% tax payer)
I enjoy the thrill of opening the NS&I app every month!!
Makes it useful that u don’t need to worry about paying any tax
It’s worth noting that eventually chance becomes certainty given a large enough timescale, even winning the million would become fact, though you may have to hold the bonds for a few thousand years.
As you hold bonds for longer and longer you will find overall your money earned will come close to the average return. Some years up some down, you might even have a bad run for a few years and a good run for some more but over decades it will get close to average. That said the average is dependant on having a lot of bonds, and if you’re holding premium bonds for a long term investment there are other areas that will get you a much better return.
We love PBs and the 4 of us in our household have them. Enjoy tracking the wins and sharing updates with family and friends who also hold PBs. We’re under no illusion that’s it’s all down to luck and we accept the fact that we lose out on guaranteed interest elsewhere to play each month. Last year (my first full year) I received 5.6% prize return on my holding so I was happy with that. Here’s hoping I beat that this year…
I will add that due to how we prioritise our finances we’d never fill an ISA in a year, so we add what we can to PBs in the hope of beating a basic ISA rate. We can also get to that money if we need it, of course.
Good to hear to did well
Hi put £40k in June last year & another £5k in at the end of march. I've won most months (£3,250)
I have been getting some awful results and have moved the majority of the money into savings. My avg was around 2%. My philosophy is if saving rates are low, then premium bonds give you the chance of some big wins, so why not, but is saving rates are higher then make your money work for you.
I’m with you there!
My parents bought £5 worth 40 iears ago NEVER won a thing, I won't be investing in them, it's all about how many you have. I'd rather have the interest in savings or stocks and shares.
I had £12 of PB from birth, 1963. I invested about £800 in 2018. In 2019 I won £25. I left the £25+£12=£37 in PB withdrew the rest.
I have seen that people with low investments in PB do hit big wins.
I would like to invest more in PB's I think they are a good idea and safe.
Thanks Andy - excellent work you do
It's some element of fun
It’s a gamble that you don’t lose your money with better odds than the lottery.
I have an ISA, rainy day saver, prize bonds, premium bonds, I play thunder ball and hot picks, charity lotto and postcode lottery. For me it’s about having as many irons in the fire as possible. Likely will stop postcode lotto at end of year as it is £12
£1,500 for me across the year in question with the full holding. I have never won more than £250 in one month so hope to break that come the June draw 🤞🏻
Thank you, do you have anything on pension savings specially for nhs and private
I love PBs! My avg. return since I started 6 months ago is 10% which is great! Keep posting their results, love your content btw.
Nice video 😊
Thanks
I have maxed out my ISA and wondering if it's idea to 10k into the premium bond. And again, can I put money in monthly?
Half in PBs half in savings account best of both worlds
Me and my wife have £100k in and have hit £5800 in winnings so far- I’ve been in 12 months, she 10 months so we may hit 6% Pa tax free first year which is good.
A histogram / bar chart of those results would make the differences easy to see. Maybe next month? My £50k investment was rubbish last year, only partially redeemed by one good (£825) month to 3%. This year Im getting rid as i need the money for some other things. Sold £20k after Jans draw Last entry August then i'll sell the rest. Of course i had my biggest win after i sold nearlly half lol £1100 but only £25 this month.
My view is buy Premium Bonds after filling my ISA each year to avoid the tax. Eventually I will get to 50k and use the winnings as retirement income.
I agree, I don’t think premium bonds should be seen as a primary savings account.
I use it to park money tax free, as my ISA allowance has been filled this year, if it hadn’t I’d probably have only some money in premium bonds and spread the rest over other savings accounts.
It’s just a way to park money and avoid tax on savings(for me personally)
Surely the missing variable here is how long each of the savers have held their premium bonds, as this massively influences the chance of winning?
The video represents a year of holding for each person and the amount returned in that year. It’s not a “lifetime” comparison just 12 months/draws.
I have £16k in and have won loads of £50 and £100s regularly over the last few years. This month, I won £10,000k Result!!
It doesn’t matter the length of time.
I have 40k in since November 23 had 3 months no winners and up to £1750 to September 24 so pleased with that
Yeah come to conclusion that it’s best to take your money out and put it in to a savings 100%
I know it makes no odds, but I'd be interested to know how the 50k was purchased by each saver. One purchase of 50k or lots of little purchases? Would satisfy my curiosity at least 😂
Yes I would also like to know this....mine are in smaller amounts 500 1k...Wifes are in 5k 10k 15k lumps...she nearly always does better than me.
Another feature of Premium Bonds that most people don't know is that even if you have a large holding it takes a considerable time for your average return to approach the nominal prize rate. This is because there are a lot of small prizes (£25) and very few mid sized prizes (£50 - £1.000). So you don't win a mid size prize very often, and you need some of them to get your average winnings up to the nominal rate. I have the full £50k and it took about 18 months for my return to get close to the nominal value. By the nominal value I mean 80% of the published prize rate (currently 4.4%) because the chance of winning any prizes larger than £1000 is so small that you can ignore them.
There are currently more £50 ,2,190,094 and £100,2,190,094,prizes than £25,1,475.218 prizes. Figures are correct for draw September 2024
@@3999MILES Yes, the prize distribution does change. In that 18 months it took to reach 80% of the nominal interest I won 29 x £25, 0 x £50 and 1 x £100. Six months later I won my one and only £1,000 prize.
Andy ,would it be wise to cash in broken up amounts that eventually add up to £50k then buy again with a full block of £50k, could this make any difference?
That would make absolutely no difference at all. You’d also lose a month’s draw by cashing out and buying in again. It’s a common argument in the PB Facebook group. All bonds have an equal chance so scattered or chunked it makes no difference to the chance of winning.
My family has over £700k of bonds nobody has ever won more than £250 for the past 10 years
Premium bonds not worth it!
Got 50g in premium bonds so far this year and I’ve got about £175 in 5 months.
I have £16k in and have won loads of £50 and £100s regularly over the last few years. This month, I won £10,000k Result!!
Just wonder
Same bond(stocks), same amount of money and same amount of time
Saver 1
300 pounds per month
Saver 2
75 pounds per week
Saver 3
9.4 pounds per day
For 10 years who will win?
Unusual - but this month my wife and I didn’t win a penny - we’ve each got £50k of p bonds… 😂
I’ve had £2000 for about 15 years. I’ve won £175 in all that time and nothing in the last 2 and half years.
Just wow!!!
Nothing for last 7 months last year was only £150 for 10k
Do you think they should increase the maximum amount of bonds you can have?
Not a good investment. Move to investment trusts.
No way! I have £16k in and have won loads of £50 and £100s regularly over the last few years. This month, I won £10,000k Result!!
Waste of time unless you have thousands on them you don't earn any interest either, a poor investment imo
I have £16k in and have won loads of £50 and £100s regularly over the last few years. This month, I won £10,000k Result!!
It isn’t an investment .
@@donsteel4509are you a parrot Bot.
@alangordon3283 Not sure what that is buddy, but I'll do what I like with my money. I just won £250 this month too, so they're doing fine for me!