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How's your luck with Premium Bonds?

£50k each. Not great but if it was earned interest at 4% and taxed, slightly for me, worse for Mrs Mottie, slightly better for both of us combined.
 
Murdochcat said:
As always, stating a winning without disclosing the holding is a pointless number
Click to expand...

£100 in October.

Over the last 12 months, the return has been a shade over 3%

This is quite normal.

Long-term, the return is approximately the declared prize fund rate.

There are a vanishingly small number of people who win a lot more, and the rest of us win fractionally less to make up for it.

People who keep selling their old ones and buying new do a bit worse, as a result of not understanding how random numbers work.

And UK inflation at 4.1%. So a saving earning less has lost value.

In other news, my investment portfolio 12 month return is noticeably higher.
 
JohnD said:
£100 in October.

Over the last 12 months, the return has been a shade over 3%

This is quite normal.

Long-term, the return is approximately the declared prize fund rate.

There are a vanishingly small number of people who win a lot more, and the rest of us win fractionally less to make up for it.

People who keep selling their old ones and buying new do a bit worse, as a result of not understanding how random numbers work.

And UK inflation at 4.1%. So a saving earning less has lost value.

In other news, my investment portfolio 12 month return is noticeably higher.
Click to expand...

So no disclosure of holding
 
fillyboy said:
Why do you need to know everybody's holding?
Click to expand...
If he knows holding size, and prizes won, he can work out the return.

I actually provided my return (which was the typical figure, as you might expect).

He has no need, and no right, to know exactly how rich or how poor anybody else is.
 
pete01 said:
No, is it not worth it then?

I was just gonna do it for a bit of fun...
Click to expand...

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www.skipton.co.uk www.skipton.co.uk

Premium Bonds

Buy Premium Bonds for yourself or a child under 16: easy access and a chance to win tax-free prizes in our monthly prize draw. Visit our site for more details.
www.nsandi.com www.nsandi.com

4.16% vs 3.8% but you might be lucky and win big. Statistically you wont. £60 difference interest wise.
 
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