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Premium Bonds
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- Lemon Slice
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Re: Premium Bonds
The YL family PBs have yielded an equivalent (annual) rate of 4.7% this month (same as last month, December 2023).
OK, all things considered and in the light of the published prize rate currently being 4.65% (https://www.nsandi.com/interest-rates)
(Winnings for whole of 2023 calculated to be around 3.8%)
(Calculations are total winnings this month, divided by the total capital invested, multiplied by 12. Very crude. YMMV)
OK, all things considered and in the light of the published prize rate currently being 4.65% (https://www.nsandi.com/interest-rates)
(Winnings for whole of 2023 calculated to be around 3.8%)
(Calculations are total winnings this month, divided by the total capital invested, multiplied by 12. Very crude. YMMV)
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- Lemon Quarter
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Re: Premium Bonds
Prizes are coming down with interest rates.
https://www.nsandi.com/interest-rates
https://www.nsandi.com/interest-rates
New 4.40% prize fund rate for Premium Bonds from March 2024 draw
Odds remain the same at 21,000 to 1 for each £1 Bond
NS&I required to strike a balance between the interests of savers, taxpayers and the broader financial services sector
NS&I is reducing the prize fund rate for Premium Bonds from 4.65% to 4.40% from the March 2024 draw. The odds of any £1 Bond number winning a prize will remain the same at 21,000 to 1.
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- Lemon Slice
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Re: Premium Bonds
kempiejon wrote:Prizes are coming down with interest rates.
https://www.nsandi.com/interest-ratesNew 4.40% prize fund rate for Premium Bonds from March 2024 draw
Odds remain the same at 21,000 to 1 for each £1 Bond
NS&I required to strike a balance between the interests of savers, taxpayers and the broader financial services sector
NS&I is reducing the prize fund rate for Premium Bonds from 4.65% to 4.40% from the March 2024 draw. The odds of any £1 Bond number winning a prize will remain the same at 21,000 to 1.
And here are the details of the new prize allocations. A reduction in the number of the higher value, even down to £50, but a large increase in the number of £25 prizes.
https://nsandi-corporate.com/news-research/news/premium-bonds-prize-fund-rate-reduced-march-2024-draw
Edit to add quote
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- Lemon Quarter
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Re: Premium Bonds
The new published rate of return is for non taxpayers. The equivalent for basic rate payers is 5.5% & 7.33% for higher rate taxpayers.
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- Lemon Half
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Re: Premium Bonds
Thirteen months after I last tried and gave up in disgust with the Byzantine 'not recognised' problem, I managed to buy some bonds so it seems that someone actually fixed it.
But the NS&I website... on every screen I had to tick the cookie button again arrrgh talk about clonky.
Anyway, the £5 of bonds that I have had since 1953 has now been raised into the giddy hundreds. Hooray.
V8
But the NS&I website... on every screen I had to tick the cookie button again arrrgh talk about clonky.
Anyway, the £5 of bonds that I have had since 1953 has now been raised into the giddy hundreds. Hooray.
V8
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- Lemon Slice
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Re: Premium Bonds
IC Fri 19 Jan 2024 (print edition date):
Should you hold Premium Bonds? (print edition title)
The case for (and against) owning Premium Bonds (online title)
https://www.investorschronicle.co.uk/ideas/2024/01/16/the-case-for-and-against-owning-premium-bonds/
via Google: https://www.google.co.uk/search?q=investors+chronicle+premium+bonds
Should you hold Premium Bonds? (print edition title)
The case for (and against) owning Premium Bonds (online title)
https://www.investorschronicle.co.uk/ideas/2024/01/16/the-case-for-and-against-owning-premium-bonds/
via Google: https://www.google.co.uk/search?q=investors+chronicle+premium+bonds
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- Lemon Slice
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Re: Premium Bonds
Here are the Feb 2024 draw details
Press release: https://nsandi-corporate.com/news-research/news/two-premium-bonds-holders-dorset-and-wandsworth-hit-ps1-million-jackpot
News item: https://www.lovemoney.com/news/13635/premium-bonds-winners-have-i-won
High value winners: https://www.nsandi.com/prize-checker/winners
Prize checker: https://www.nsandi.com/prize-checker (due 2 Feb 2024)
Press release: https://nsandi-corporate.com/news-research/news/two-premium-bonds-holders-dorset-and-wandsworth-hit-ps1-million-jackpot
News item: https://www.lovemoney.com/news/13635/premium-bonds-winners-have-i-won
High value winners: https://www.nsandi.com/prize-checker/winners
Prize checker: https://www.nsandi.com/prize-checker (due 2 Feb 2024)
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- Lemon Slice
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- Lemon Quarter
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Re: Premium Bonds
Woohoo - first time either of us has won 'big' - MrsF got a £500 alongside a couple of £100s and 2 x £25. Making her total for the last 6 months a rather good £1825, after a zero last August. Which will probably cover the bulders for the day.
My holding returned a far more pedestrian £150, which including my big fat zero in September brings my 6 month total to £750, so only 3%
Paul
My holding returned a far more pedestrian £150, which including my big fat zero in September brings my 6 month total to £750, so only 3%
Paul
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- Lemon Slice
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- Lemon Quarter
- Posts: 1953
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Re: Premium Bonds
him £25 her £225 - this happening too many times
Jeez - is it Fijitsu software?
Mr T7
Jeez - is it Fijitsu software?
Mr T7
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- 2 Lemon pips
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Re: Premium Bonds
2 x £50 on full holding. Little and often, only 1 zero month in the last 12!
Tricia
Tricia
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- Lemon Quarter
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Re: Premium Bonds
I am very lucky. I've been holding between £3-20k this past year, won in 7 of the last 12 months. Last month won £1k. My first ever medium prize win. Only £6k in the draw and this month £50. My 12 month return over 20%. I'm putting the money somewhere else now.
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- Lemon Quarter
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Re: Premium Bonds
We've probably all seen stories like this one, where a holder claims to have never won anything:
https://www.express.co.uk/finance/perso ... ion-answer
NS&I assure us that there is no possibility of bonds being lost in the system. I wonder whether there is an auditing system in place to confirm this?
After the Post Office / Fujitsu scandal, I wonder for how much longer people will be happy to accept the word of NS&I that all is well with their bond holdings?
Watis
https://www.express.co.uk/finance/perso ... ion-answer
NS&I assure us that there is no possibility of bonds being lost in the system. I wonder whether there is an auditing system in place to confirm this?
After the Post Office / Fujitsu scandal, I wonder for how much longer people will be happy to accept the word of NS&I that all is well with their bond holdings?
Watis
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- Lemon Quarter
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Re: Premium Bonds
terminal7 wrote:him £25 her £225 - this happening too many times
Jeez - is it Fijitsu software?
Mr T7
It's strange how randomness plays out.
Our winnings last year were:
Mrs Watis: £625
Me: £225
But so far this year, it's switched around:
Mrs Watis: £100
Me: £350
Watis
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- Lemon Half
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Re: Premium Bonds
Watis wrote:We've probably all seen stories like this one, where a holder claims to have never won anything:
https://www.express.co.uk/finance/perso ... on-answer/
The Express is always trying to imply there might be dodgy goings on with Premium Bonds, they'd love it if it was true. It's not.
Scott.
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- The full Lemon
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Re: Premium Bonds
Watis wrote:NS&I assure us that there is no possibility of bonds being lost in the system. I wonder whether there is an auditing system in place to confirm this?
I am inclined to trust NS&I based on my experience.
About 60 years ago I was bought a few PBs by my parents. After a couple of £25 wins early on, nothing.
I lost touch with NS&I (or the post office, it might have been back then). And I moved house a few times.
Last year I decided I wanted a max holding. But I knew I had held those few bonds and did not want to exceed the maximum. So I contacted them and, after some time and effort, they found my original holding, which turned out to be for £7. So I bought another £49,993 worth.
I was impressed that they successfully made that effort for a trivial holding from 60 years earlier.
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- Lemon Quarter
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Re: Premium Bonds
Lootman wrote:Watis wrote:NS&I assure us that there is no possibility of bonds being lost in the system. I wonder whether there is an auditing system in place to confirm this?
I am inclined to trust NS&I based on my experience.
About 60 years ago I was bought a few PBs by my parents. After a couple of £25 wins early on, nothing.
I lost touch with NS&I (or the post office, it might have been back then). And I moved house a few times.
Last year I decided I wanted a max holding. But I knew I had held those few bonds and did not want to exceed the maximum. So I contacted them and, after some time and effort, they found my original holding, which turned out to be for £7. So I bought another £49,993 worth.
I was impressed that they successfully made that effort for a trivial holding from 60 years earlier.
Similar experience here. My parents bought me £2 of Premium Bonds when they first came out, and I'd pretty well forgotten about them. 5-6 years ago, I bought £50k, and everything was hunky-dory, then a year or two ago I got a letter to say I was over-subscribed, and the £2 was deposited in my nominated bank account
--kiloran
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