Premium Bonds for August

Another thing I like about PB is that’s the winnings are tax free.
At the moment we can earn £1,000 per year tax free interest on our savings which sounds a lot but really isn’t especially now interest rates have risen.

The Mail is currently running a campaign to try to persuade the government to raise it to £2,000.

I think you need much more than £10,000 invested to get a regular return however small.
You would be very lucky to get more than £25 a few times a year but I may be wrong, it is luck after all.

NannyJan53 it’s difficult to be certain about the minimum amount needed as of course the chance of ‘winning’ is entirely random but as a rough guess I would say about £ 10,000 should get a fairly regular return during the year.

Interestingly there have been a few one million pound wins over the years for folk with just a few hundred pounds invested!
How lucky they must have felt!

Now as the rise in interest rates means we can get about 6% on our savings in normal savings accounts, some people don’t like the uncertainty of Premium Bonds, but they are a bit of fun each month!

Nothing for me this month, I usually average six to eight hundred pounds a year.

Zero for me this month but £375 for my DH

£25 for me this month,,better than nothing.

Nothing this month

Husband won £100. I dont have any.

Nothing for me 😥 my last win was 8yrs ago and DH 22yrs since he won it was just after he took early retirement.

£200 for me £100 for OH. I worked out that my wins this year work out at 3.6%. I am not a gambler but enjoy this little safe gamble.

I recently found loads of premium bonds bought years ago for my son who’s now 52 you could buy them for £1 then. here’s hoping he has a win of sorts.

kittylester

£325 between us this month.

Same here kitty

None for me as I don't have any .

How much do you need to invest to be fairly certain of a modest win now and then?

£575 last month ..... £150 this month. VERY happy with this!

£25 for me, I was hoping for £5K but it was not to be.

Nothing for me, a nice win for DH.

I believe the prizes have been increased yet again this month. I'm just about to check mine. Fingers crossed.

Nothing for us.
Oh ... we had to cash them in years ago. That’ll be why!

It depends how many you have, Marthajolly. Every bond has the same chance of winning, but the more you have the more chances you get.

I sold a chunk of mine recently, so my chances have gone down. I got nothing last month, and just one prize of £25 this month.

Don't despair though - you could still win the million .

Ive never had a win with my PBs. Wonder why is that when so many of you seem to have regular wins

£325 between us this month.

Nothing here. Shame, need a smile.

Oh forgot it’s that time ….. will check mine before bed!

Poppyred

Just a very small win this month. Who are all these people who win big? Never known one….

Me neither Poppyred

Every month my plans come to nought.

Just a very small win this month. Who are all these people who win big? Never known one….