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Introducing the LemonFools Personal Finance Calculators

Premium Bonds

melonfool
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Re: Premium Bonds

#143380

Postby melonfool » June 4th, 2018, 12:47 am

Thanks for all that - I don't think they'd want my brother to be in charge of the child's PBs, so they probably won't go down that route, but I might persuade them to put at lest a few k into PB for themselves.

They're making me POA and they seem to think that mean I have to give them investment and tax advice :shock:

Mel

brightncheerful
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Re: Premium Bonds

#144494

Postby brightncheerful » June 8th, 2018, 1:07 pm

ime, bondholders whose prizes/winnings are paid direct into the bondholder's bank account are normally received at least a week before cheque/warrant payments arrive in the post.

AleisterCrowley
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Re: Premium Bonds

#149722

Postby AleisterCrowley » July 3rd, 2018, 2:59 pm

July's full results are now available.
Another £25 for me (wow) - that's 1.82% return YTD :)

PinkDalek
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Re: Premium Bonds

#149727

Postby PinkDalek » July 3rd, 2018, 3:12 pm

I knew it wouldn't last:

Sorry you didn't win
Good luck next month


Tax year to date, annualised, therefore down from a mahoosive 3.0% to 2.0%, after three draws.

AleisterCrowley
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Re: Premium Bonds

#149735

Postby AleisterCrowley » July 3rd, 2018, 3:34 pm

I account PBs by calendar year - always have. No idea why...

I've won something ever month so far this year, on a relatively meagre £12,400-ish starting balance @ 1 January
It will not last! Even so, 1.82% isn't bad

Bouleversee
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Re: Premium Bonds

#149746

Postby Bouleversee » July 3rd, 2018, 4:18 pm

£75 for me this month, slightly better but still not great on £50k.

Mike88
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Re: Premium Bonds

#149779

Postby Mike88 » July 3rd, 2018, 6:29 pm

Nothing again for me. I am one of the unlucky few who wins zilch unless you call a £50 return over 3 years for an £18000 investment to be fortunate.

swill453
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Re: Premium Bonds

#149787

Postby swill453 » July 3rd, 2018, 7:30 pm

Bouleversee wrote:£75 for me this month, slightly better but still not great on £50k.

It's more than you should expect to win really.

Scott.

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Re: Premium Bonds

#149789

Postby Bouleversee » July 3rd, 2018, 7:52 pm

swill453 wrote:
Bouleversee wrote:£75 for me this month, slightly better but still not great on £50k.

It's more than you should expect to win really.

Scott.


Why? Some months I win nothing, others £25 and over the year it isn't more than the notional rate which is not a brilliant return. Actually, I expect to win £1m every month but unfortunately my expectations are never realised, though there is always next month. It's a lottery where you don't lose your stake and we have to accept it as such and take what we get, regardless of expectations, or get out. We can still have a moan if our winnings don't amount to all that much, though. :)

Anyway, what do you think I should expect?

swill453
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Re: Premium Bonds

#149806

Postby swill453 » July 3rd, 2018, 8:48 pm

Bouleversee wrote:Anyway, what do you think I should expect?

Well the equivalent interest rate is 1.4%, which would get you £58.33 per month. But some of the fund is taken up by the high value prizes, which most people don't get.

Martin Lewis's probability calculator says a person with £50K bonds and average luck would expect to win roughly £50 per month.

https://www.moneysavingexpert.com/savin ... calculator

Scott.

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Re: Premium Bonds

#149842

Postby Bouleversee » July 3rd, 2018, 10:41 pm

OK, but it varies from month to month. Last fiscal year I won £400 in total which equates to 0.8% on £50k. In two months I won £75 but there was one zero and the rest were 1 x £25. So don't begrudge me my £75 this month. We'll see what the year brings.

XFool
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Re: Premium Bonds

#150051

Postby XFool » July 4th, 2018, 10:55 pm

Bouleversee wrote:OK, but it varies from month to month. Last fiscal year I won £400 in total which equates to 0.8% on £50k. In two months I won £75 but there was one zero and the rest were 1 x £25. So don't begrudge me my £75 this month. We'll see what the year brings.

So it's working exactly as one would expect, if not how you'd like. ;)

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Re: Premium Bonds

#156743

Postby PinkDalek » August 2nd, 2018, 12:53 pm

Bouleversee wrote:OK, but it varies from month to month. Last fiscal year I won £400 in total which equates to 0.8% on £50k. In two months I won £75 but there was one zero and the rest were 1 x £25. So don't begrudge me my £75 this month. We'll see what the year brings.



August's results now available https://www.nsandi.com/prize-checker


£25 for me only so hoping Boulee's hit the jackpot. ;)

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Re: Premium Bonds

#156746

Postby Bouleversee » August 2nd, 2018, 12:58 pm

I have indeed, PD: 3 x £25! :)

swill453
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Re: Premium Bonds

#156747

Postby swill453 » August 2nd, 2018, 12:58 pm

£100 (4 x £25) for my wife and me, so keeping up almost bang on the average 1.4%.

Last time the BoE base rate rose, NS&I were quick to apply the full .25% increase to the Premium Bond prize fund. Hope they're about to do the same again.

Scott.

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Re: Premium Bonds

#156812

Postby Mike88 » August 2nd, 2018, 6:02 pm

Nothing for me again. I must be the unluckiest on here. £50 in 2 years for a holding of £18000 is poor and I'm seriously thinking of cashing in.

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Re: Premium Bonds

#156815

Postby Bouleversee » August 2nd, 2018, 6:16 pm

Yes, that is disappointing, but what would you do with it otherwise? You are only gambling the after tax interest on anything else or otherwise would be taking a risk of losing some of your capital. I took money out of poor paying savings accounts some years ago and put it into an equity ISA and am down 20% even though dividends have been reinvested. My £50k premium bonds produce a very low return but there's always hope of a biggle and a little frisson every month till I find I haven't had one. I suppose fixed interest accounts will improve when the interest rate change takes effect so might be worth considering.

PinkDalek
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Re: Premium Bonds

#156822

Postby PinkDalek » August 2nd, 2018, 6:54 pm

Mike88 wrote:Nothing for me again. I must be the unluckiest on here. £50 in 2 years for a holding of £18000 is poor and I'm seriously thinking of cashing in.


Have you looked at the calculator Scott mentioned?:

https://www.moneysavingexpert.com/savin ... alculator/

This I guess is for the future (and wouldn't include any prize rate rises):

With £18,000 in Premium Bonds, if you have average luck[1]
you would expect to win roughly £450 over 2 year(s) … [1]We use an estimate of the 'median average'. This means if everyone with £18,000 in bonds stood in ascending order of amount won, the person in the middle of the line has 'average luck'.


As for your £50:

Sorry you are unlucky! Almost 100% of people who have put £18,000 in premium bonds over 2 years win more than £50.


Based on that, with average median luck, I'd probably continue to hold. That is if you think 1.25% per annum is worthwhile and you don't mind losing out to inflation but no more, rather than throwing it into, say, the quagmire that is AIM, which Boulee and I excel at. :)

Mike88
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Re: Premium Bonds

#156836

Postby Mike88 » August 2nd, 2018, 9:08 pm

PinkDalek wrote:
Mike88 wrote:Nothing for me again. I must be the unluckiest on here. £50 in 2 years for a holding of £18000 is poor and I'm seriously thinking of cashing in.


Have you looked at the calculator Scott mentioned?:

https://www.moneysavingexpert.com/savin ... alculator/

This I guess is for the future (and wouldn't include any prize rate rises):

With £18,000 in Premium Bonds, if you have average luck[1]
you would expect to win roughly £450 over 2 year(s) … [1]We use an estimate of the 'median average'. This means if everyone with £18,000 in bonds stood in ascending order of amount won, the person in the middle of the line has 'average luck'.


As for your £50:

Sorry you are unlucky! Almost 100% of people who have put £18,000 in premium bonds over 2 years win more than £50.


Based on that, with average median luck, I'd probably continue to hold. That is if you think 1.25% per annum is worthwhile and you don't mind losing out to inflation but no more, rather than throwing it into, say, the quagmire that is AIM, which Boulee and I excel at. :)


Thanks for that. It has not made me feel any better. Below average luck is not an unexpected conclusion. I shall probably keep them for a few more months and see what happens. I wonder if there is any advantage in cashing them in and buying £18000 in one bond as at presently my holdings are £10k in one and £8k in another.

AleisterCrowley
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Re: Premium Bonds

#156838

Postby AleisterCrowley » August 2nd, 2018, 9:23 pm

I wonder if there is any advantage in cashing them in and buying £18000 in one bond

No.


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