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I ask this question because after 55 years of life I have never known anyone who has actually won a decent prize on them. Yes, small wins are won regularly, especially with a high holding but as an ex financial advisor, who knew many people who held them, not forgetting friends and family, I have never met or known anyone who won big, yet I already know two people who won the lottery (both in syndicates).
Although premium bonds returns do compete with general savings I am now starting to question if the big prize winners are actually real!
Do you lot know anyone who has won big?
Although premium bonds returns do compete with general savings I am now starting to question if the big prize winners are actually real!
Do you lot know anyone who has won big?
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Just opened an email and iv'e won £25.but no one i know has won big.
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That's all I keep getting, £25's
As I said it probably competes with general savings and today's cash ISAs but I don't see big prizes getting paid to anyone I know, even though there are many each month. |
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I also know 2 people who have won the lottery, £5.8 million and £3.2 million but I've never known anyone to have a big win on the premium bonds. The bigger lottery winner done the lot on women, booze, drugs, gambling and bad business decisions and is now pretty much potless!
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How do you define big? £20k+? I don't know any big winners but there's no conspiracy.
A cousin of Mrs Nick's was a member of multi-million pound Lottery winning syndicate. Her share was over £600k. |
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sounds like your mate had a good time slippy
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I'm not saying there is Nick but with most of us around the age of 50 then surely someone must know a winner of (yes) £20k plus. Everyone I know gets £25, the odd £50 and one £100 that I'm aware of. You know a lottery winner, I know two and so does slippy but not one of us know a premium bond winner?
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Having premium bonds must be like supporting Spurs Aspro.........you never win fxxk all
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How many prizes are there each month over £20k?
Fwiw, I've won a PB prize of £500; 2 x £100; several of £50 (up until a few years ago that was the smallest prize) and several £25's. |
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Your £500 tops my list then Nick because that's the highest I'm aware of in 50 odd years. Nice one!
...trust you Dan! |
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Yes, it was a surprise!
If Dan's right, it may be worthwhile buying some PBs in 2021. |
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There are 1,900 prizes above £500 with the bulk of them being £1,000 (1728), after that it is £5k (92), £10k (46), £25k (18), £50k (9), £100k (5) and £1m (2)
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Typo Nick surly you meant 3021
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i reckon that people who invest in premium bonds reckon theyre a bit more financially savvy than those that do the lottery,so are less likely to publicise a big win.btw if you go on the web site there are quite a few big prizes that remain unclaimed for whatever reason.
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Cheers Aspro at least you have a sense of humour unlike most of the lads on your thread
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I'm not saying there are not winners but I'm curious at to why I, along with everyone I've asked, knows no big winners at all. I'm sure they're out there but in a lifetime one would think that a small number of people would know at least one between them.
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*as
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That's per month?
The other thing to consider is, how many people have a significant holding of say, more than £10,000? I would guess the majority of prizes will be won by people holding £20,000 - £30,000 |
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That is per month Nick
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My old man had £20k, his friend had the max £50k and I know of at least 50 people who hold the maximum (old clients) and not one of them won. If my clients had won I'd have been the first to know as they would have wanted investment advice
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I don't know the answer, Aspro but I'd be pretty certain there's nothing untoward going on. If there were, it would be a massive scandal - millions of people defrauded for decades.
But where money is involved, and lots of it, I suppose you can never completely rule it out. |
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the £1m winner in march 2018 had only bought them in january,thats luck.
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I'm with you Nick but enough people have viewed this thread and nobody has yet confirmed they know a decent winner. With an average age of around 50 on here it does seem a little strange, but I do agree that the scandal would be phenomenal.
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I often hear people saying that recently purchased bonds win more often than older ones.
NS&I dismiss this as rubbish. |
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Well we'll soon see Nick, I purchased mine in March and April... let's hope I'm wrong in this
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GL, Aspro.
I recall reading a review of different types of investment in one of the decent newspapers. It was about 20 years ago but it's conclusion regarding Premium Bonds was: "for rich people who have run out of other places to put their money". |
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btw, I should add that I wasn't taking their advice. ie I'm not rich!
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Thanks Nick, and you!
When I done my financial planning certificate Premium Bonds were considered an essential part of planning, more for the average returns competing with inflation and being tax free. A maximum holding held its own against most savings plans and was considered a good investment that should be considered in any portfolio; in fact, if I had not considered it during my exam I would have failed! |
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mathmatically buying £26,000 worth should guarantee a prize every month.nick,thats how i view them but they are quite a nice solution for a present when a new baby is born.
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I have no issues with the returns that do compete with tax-free cash ISA's so I'm happy to invest in them. I just don't know anyone who's won a decent amount, hence the original post. Surely someone on here will know someone before all is said and done.
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I did win a grand once, but that back in 1996, in the good old days, when interest rates were around the 7% mark, and the prize fund was accordingly much bigger.
I remember it well, because I'd been backing Tom Tate's Lo Stregone for the Grand National, at 25s and 20s, enough to win a good five-figure sum. He'd then gone and won the Haydock Grand National Trial, and was down to 5/1 fav for the big one. All was looking well, until one Thursday morning, when I switched on Teletext as usual for the racing headlines. While waiting for the set to warm up, I checked through my mail, and among the envelopes was one from Lytham St Annes, containing the giro for £1,000 (along with a host of smaller prize cheques - as I said, those were the days). Then I glanced up gleefully and disgustingly smugly at the headlines on Teletext ... top of which was: LO STREGONE TO MISS NATIONAL. The worst was yet to come. I went to Taunton races that afternoon, and apparently Eddie Fremantle had told a mutual friend of ours, Rolf Johnson of the Express, just not to mention Lo Stregone to me ... just don't say anything about the horse at all. So I walked into the track, and the first person I saw was Rolf, whose first words were, inevitably: "Ey oop, tha's terrible bad look wi' Lo Stregone. You moos' be absolutely gooted. Terrible look. 'Ow you feelin' about it, then?" I mean, I love Rolf. He's one of the characters and the faces who made going racing such a pleasure back then. But I could have cheerfully strangled the Yorkshire git at that moment. |
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Re Aspro @17:26 and BB @ 17:26:
You're right but I reckon most people invest because of the thought that they just might win big |
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I think that's the attraction Nick, it most definitely enhances the decision making.
We're now up to a £1,000 win from screaming |
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While waiting for the set to warm up
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A Sony Trinitron ... state of the art, son!
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Aspro
what do reckon would happen if EVERYONE decided to withdraw their premium bond holding? |
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Well that's very unlikely and a strange question too that's not really on-topic, however; considering there is in the region of £50bn held it would definitely cause a ripple. What's your point Delta?
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no point, just often had that thought that there isnt £50bn or whatever sitting ring fenced somewhere and if enough people got a wobble in years to come ...
and there arent many FA's [ex] on here to ask |
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I suppose its questioning, even tho FP3 wants it to be advised and known as a secure investment, there may be potentially some risk to all your capital being returned on a run ...
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* FPC3
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