Remove ads

Premium Bonds

Aprilfool62
Posts: 30
Joined: November 6th, 2016, 2:47 pm
Has thanked: 3 times
Been thanked: 3 times

Re: Premium Bonds

#80912

Postby Aprilfool62 » September 13th, 2017, 6:07 pm

my partner has owned £40k of premium bonds (I hadnt realised the limit had increased to 50k) for about 2 and a half years and has won something all but 3 months. Not much, but its exciting for about 5 minutes when you get the email. I may purchase an amount with the cash from the sale of all my house builder shares. Bouleversee - we also live in Bucks so hopefully its our turn soon.

Bouleversee
Lemon Quarter
Posts: 1017
Joined: November 8th, 2016, 5:01 pm
Has thanked: 123 times
Been thanked: 96 times

Re: Premium Bonds

#80914

Postby Bouleversee » September 13th, 2017, 6:13 pm

Aprilfool62 -

Wd. be very interested to know why you are selling all your housebuilder shares. Do you think the housing market is about to collapse? OT here so where can we air this important subject?

JMN2
Lemon Quarter
Posts: 1525
Joined: November 4th, 2016, 11:21 am
Has thanked: 225 times
Been thanked: 217 times

Re: Premium Bonds

#80931

Postby JMN2 » September 13th, 2017, 7:27 pm

Bouleversee wrote:No wonder you are Bright and Cheerful.

I got twice as much as usual this month, ie. 2 x £25 instead of the usual one. A lousy return on £50k. I must move to Surrey where so many of the big prizes gravitate to.


I just moved from Surrey and can tell you that sadly it is not so.

Bouleversee
Lemon Quarter
Posts: 1017
Joined: November 8th, 2016, 5:01 pm
Has thanked: 123 times
Been thanked: 96 times

Re: Premium Bonds

#80933

Postby Bouleversee » September 13th, 2017, 7:35 pm

Well, if you look at the list of large prizewinners, Surrey figures several times, considerably more than other areas.

swill453
Lemon Quarter
Posts: 1231
Joined: November 4th, 2016, 6:11 pm
Has thanked: 36 times
Been thanked: 197 times

Re: Premium Bonds

#80935

Postby swill453 » September 13th, 2017, 7:42 pm

This article discusses the "luckiest" counties, and notes London has had 22 million winners, Surrey 16 and Buckinghamshire a measly 5: https://www.lovemoney.com/guides/5317/premium-bonds-the-luckiest-counties-and-your-odds-of-winning-a-prize

It does of course say

"there are only more winners down south because more people live there and more people who live there hold Premium Bonds. So statistically people who live there are going to win more often.
...
don't believe anyone who claims to have a trick up their sleeve
...
there is no way to beat the system."


Scott.

chas49
Lemon Slice
Posts: 612
Joined: November 4th, 2016, 10:25 am
Has thanked: 40 times
Been thanked: 47 times

Re: Premium Bonds

#80939

Postby chas49 » September 13th, 2017, 8:40 pm

Bouleversee wrote:Aprilfool62 -

Wd. be very interested to know why you are selling all your housebuilder shares. Do you think the housing market is about to collapse? OT here so where can we air this important subject?


Probably best here (Property Investment Discussions)?

Aprilfool62
Posts: 30
Joined: November 6th, 2016, 2:47 pm
Has thanked: 3 times
Been thanked: 3 times

Re: Premium Bonds

#80947

Postby Aprilfool62 » September 13th, 2017, 9:03 pm

Thank you chas49 and Bouleversee I will post over on that board.

swill453
Lemon Quarter
Posts: 1231
Joined: November 4th, 2016, 6:11 pm
Has thanked: 36 times
Been thanked: 197 times

Re: Premium Bonds

#117843

Postby swill453 » February 13th, 2018, 11:34 am

I see someone in Glasgow who has a total of £4 of Premium Bonds that they've held since 1964 has won £25,000 in this month's draw with one of them. The number starts 4AB.....

Bet they got a surprise!

Scott.

Bouleversee
Lemon Quarter
Posts: 1017
Joined: November 8th, 2016, 5:01 pm
Has thanked: 123 times
Been thanked: 96 times

Re: Premium Bonds

#117848

Postby Bouleversee » February 13th, 2018, 12:05 pm

How lovely. Meanwhile, my £50k continues to produce precious little, some months nothing at all. However, the stockmarket seems to be just as much of a gamble these days and at least with Premium Bonds you can't lose your stake and they have the advantage, like all NS&I products, that NS&I will (if executors do the necessary paperwork) use their proceeds to pay IHT tax directly to HMRC before probate is granted, reducing the amount which might otherwise need to be borrowed to pay IHT which has to be paid before they can get probate and sell the assets, which makes life easier for your heirs/executors .

Redmires
Lemon Pip
Posts: 90
Joined: November 4th, 2016, 6:49 pm
Has thanked: 20 times
Been thanked: 23 times

Re: Premium Bonds

#118030

Postby Redmires » February 14th, 2018, 8:03 am

swill453 wrote:Bet they got a surprise!

Scott.


Could well be long dead by now. My mother had a £1 premium bond in her papers when she died a few years ago. We didn't bother to cash it in. I wonder how many of these zombie bonds are around ?

Meanwhile, our bonds continue to pay us regular amounts. Nothing startling but above the typical 1% I'd get in an ISA etc.

Mike88
2 Lemon pips
Posts: 187
Joined: November 4th, 2016, 6:17 pm
Has thanked: 14 times
Been thanked: 26 times

Re: Premium Bonds

#118046

Postby Mike88 » February 14th, 2018, 9:09 am

I have £18000 worth of Premium Bonds and after a year haven't won anything - zilch. Is this a record?

swill453
Lemon Quarter
Posts: 1231
Joined: November 4th, 2016, 6:11 pm
Has thanked: 36 times
Been thanked: 197 times

Re: Premium Bonds

#118051

Postby swill453 » February 14th, 2018, 9:17 am

Redmires wrote:Could well be long dead by now.

I guess it's possible, but NS&I will make fairly strenuous efforts to make sure the prize money gets to the heirs.

Scott.

didds
Lemon Quarter
Posts: 1168
Joined: November 4th, 2016, 12:04 pm
Has thanked: 341 times
Been thanked: 122 times

Re: Premium Bonds

#118057

Postby didds » February 14th, 2018, 9:27 am

Mike88 wrote:I have £18000 worth of Premium Bonds and after a year haven't won anything - zilch. Is this a record?


At end of 2017 I bought 10K worth, and immediaty won £25 in january.

nothing since though! BAH! ;-)

didds

Bouleversee
Lemon Quarter
Posts: 1017
Joined: November 8th, 2016, 5:01 pm
Has thanked: 123 times
Been thanked: 96 times

Re: Premium Bonds

#118060

Postby Bouleversee » February 14th, 2018, 9:33 am

swill453 wrote:
Redmires wrote:Could well be long dead by now.

I guess it's possible, but NS&I will make fairly strenuous efforts to make sure the prize money gets to the heirs.

Scott.


I could be wrong but I thought there was a time limit after a death that the bonds went into the draw.

swill453
Lemon Quarter
Posts: 1231
Joined: November 4th, 2016, 6:11 pm
Has thanked: 36 times
Been thanked: 197 times

Re: Premium Bonds

#118063

Postby swill453 » February 14th, 2018, 9:34 am

didds wrote:At end of 2017 I bought 10K worth, and immediaty won £25 in january.

nothing since though! BAH! ;-)

Impossible, if you bought in December they wouldn't have been in the January draw.

Scott.

didds
Lemon Quarter
Posts: 1168
Joined: November 4th, 2016, 12:04 pm
Has thanked: 341 times
Been thanked: 122 times

Re: Premium Bonds

#118069

Postby didds » February 14th, 2018, 10:01 am

whenever - November maybe?

didds

swill453
Lemon Quarter
Posts: 1231
Joined: November 4th, 2016, 6:11 pm
Has thanked: 36 times
Been thanked: 197 times

Re: Premium Bonds

#118072

Postby swill453 » February 14th, 2018, 10:05 am

Bouleversee wrote:I could be wrong but I thought there was a time limit after a death that the bonds went into the draw.

That's true, it's 12 months.

The web site is silent on what would happen if nobody informed NS&I of a death, and the bond won a prize after more than 12 months elapsed.

Scott.

Bouleversee
Lemon Quarter
Posts: 1017
Joined: November 8th, 2016, 5:01 pm
Has thanked: 123 times
Been thanked: 96 times

Re: Premium Bonds

#118076

Postby Bouleversee » February 14th, 2018, 10:11 am

Interesting point but my guess is that they wouldn't pay out the prize money.

didds
Lemon Quarter
Posts: 1168
Joined: November 4th, 2016, 12:04 pm
Has thanked: 341 times
Been thanked: 122 times

Re: Premium Bonds

#118087

Postby didds » February 14th, 2018, 10:53 am


Watis
2 Lemon pips
Posts: 222
Joined: November 5th, 2016, 10:53 am
Has thanked: 1 time
Been thanked: 37 times

Re: Premium Bonds

#118093

Postby Watis » February 14th, 2018, 11:01 am

Redmires wrote:
swill453 wrote:Bet they got a surprise!

Scott.


Could well be long dead by now. My mother had a £1 premium bond in her papers when she died a few years ago. We didn't bother to cash it in. I wonder how many of these zombie bonds are around ?

Meanwhile, our bonds continue to pay us regular amounts. Nothing startling but above the typical 1% I'd get in an ISA etc.


Why not check your mother's bond here? https://www.nsandi.com/do-i-have-any-unclaimed-prizes

Watis


Return to “Bank Accounts Savings & ISAs”

Who is online

Users browsing this forum: No registered users and 1 guest