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insurance | 15:58 Wed 07th Feb 2007 | Business & Finance
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has anyone had a win on the premium bonds within the last few draws.I have had mine since 1994 with no win yet.
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I've never had a win in 15 years. My maths genius friend worked out my probability of winning based on how many I owned and apparantly I should have won a few times by now. My maths genius friend has won a few times - grrr!
It really does depend how many you have. My mother has ten thousand and I think she won fifty pounds every month for the last five months.
almost every month ...
�50 in Jan 2007 and �50 in Jan 2006

As I have under �1k (and have not had this amount all the time) that's a pretty good rate of return.

I have held one �5 bond since 198? and have not won on it at all.

The Jan 2007 winner was bought in November 2006.
The Jan 2006 winner was bought in April 2005.
See my post on 5/2/2007 entitled 'Interest Rates'. The NS&I website says each bond has a 24000 to 1 chance of a prize. I think it really depends how many you have. My children have �5 since 1967, �5 since 1977 and �5 since 1982 (when they were born). None of them have one a bean. I have had �5000 for 46 months and have won �450. This equates to a return of 2.83%, much less than I could get in a good savings account Its only a bit of fun with the hope of getting a big win, at the same time trying to keep pace with inflation. I was bored with safe investments.
Despite all grumbles (above), Premium Bonds are generally an excellent investment. The winnings (if any) are tax-free, the odds of winning are far better than the N*t**n*l L*tt*ry, and you can always recover your investment.
I have �30k worth and I win something (usually between �50 and �200) every month.
jollygreen, not knocking them (I have 15000) but 30000 would need to win �1368 pa to keep pace with the highest rate savings accounts (5.7% less 20% tax). 3.6% of the fund is paid out in prizes but of course you might hit the big one!
So I dont stand a chance of ever winning as I only have �5 from 1968 and �10 from 1989. Brenda
I had 3000 in for 1.5 years and just got one �50. My friend had 30000 between selling a house at a profit and purchasing a new one - just under a year - won �50s most months. So less than a �1k really reduces your chances. If I had a spare 3000 it's straight into an isa for me now.
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thanks for all your replys,I think i will leave them in and forget about them,might have a nice surprize on day !!!

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