Statistically, the average rate of return, ie winnings compared to amount invested is a shade over 2%. So statistically,you'd be better off sticking your money in a savings a/c paying more.
However, it's a lottery that you keep your stake money.
I know hundreds of people that have them & the consensus is you either seem to win often or never at all.
If you haven't won for a while then take the money out and then re enter it. It worked for me. Got £50 last year and my brother did the same and won money.
If you haven't won for a while then take the money out and then re enter it. It worked for me. Got £50 last year and my brother did the same and won money.
These comments seem to suggest what I said. It's almost as if half the people's tickets aren't actually in the draw in the first place. The other half winning regularily.
Mate of mine has just bought £25K and has won straight away £50. He reckons he has been told that at that level he should get a win 10 months out of 12. Still think its a long shot to get more on average then sticking it in a limited access deposit account.
Won £25 the first month , i invested in them because the ISA rate was pony a few years back , so i thought i might have a better chance with them than the annual ISA interest , won twice now in the past couple of years, as soon as the interest rises then it will all go back in .
I got £18k invested win nearly every month at least £25, best month £150 (mixture of £25's and £50 wins). Last year won £550.00 certainly for me better than locking it away in a long term account as can access it quiet quickly. In my opinion need to invest large sums at a time, ie minimum £5k. Mind you the calculator that stackitsteve suggest using says that I should have won only £200, must be lucky.
As CharltonKerry has said I would say its a case of the more you have invested the better the chance of a return.
My mother in law has 20k in premium bonds and she gets at least £25.00 most months of the year, she also gets a few £50 & £100 which gives her a return in the region of £500 plus per annum.
On the other side of the coin my son & daughter both have £250.00 worth of premium bonds and have never had a win in 10 years.
My dad has had em for years and despite various financial managers telling him he doesn't need em he still has em and wins every now and then, gloats like hell when he does. My dad's quite a wise guy when it comes to money as well.
Smart move Stoney. With interst rates so low, that £1200 a year means that even with one £25 win you're beter off than investing with most Building Society Accounts - anything else is a bonus.
I sell my blocks each year and buy a new block of numbers, to keep it nice and tidy. It also gives ERNIE a bigger target to hit :-)
Comments
Statistically, the average rate of return, ie winnings compared to amount invested is a shade over 2%. So statistically,you'd be better off sticking your money in a savings a/c paying more.
However, it's a lottery that you keep your stake money.
I know hundreds of people that have them & the consensus is you either seem to win often or never at all.
I win £25 or £50 every couple of months. Always hoping when the cheques arrive they'll have a few more noughts on them.
Like anything though the more you have the more your chances of winning.
Had some for 20 years won twice in two months about 3 years ago first month 100 and the second 50 nothing before that or after that though.
These comments seem to suggest what I said. It's almost as if half the people's tickets aren't actually in the draw in the first place. The other half winning regularily.
I know an ST holder who won £1m about four years ago.
They're not a ST holder now though (-:
For those of us with 'average luck', the tool below is a general guide to what you 'should' win as per your investment and the period you hold them.
http://www.moneysavingexpert.com/savings/premium-bonds-calculator/
As CharltonKerry has said I would say its a case of the more you have invested the better the chance of a return.
My mother in law has 20k in premium bonds and she gets at least £25.00 most months of the year, she also gets a few £50 & £100 which gives her a return in the region of £500 plus per annum.
On the other side of the coin my son & daughter both have £250.00 worth of premium bonds and have never had a win in 10 years.
I had nothing for 4 years and then 3 x £25 in a week just before Christmas.
I set up a standing order and buy £100 a month which I don't notice missing out of my account and now have nearly £5k invested.
Smart move Stoney. With interst rates so low, that £1200 a year means that even with one £25 win you're beter off than investing with most Building Society Accounts - anything else is a bonus.
I sell my blocks each year and buy a new block of numbers, to keep it nice and tidy. It also gives ERNIE a bigger target to hit :-)