How's your luck with Premium Bonds?

[Ihavenojob]

Back in October, I gave our son £40k to buy premium bonds as I gave our daughter the same for her house. He got sweet FA this month. I got £200 and SWMBO got £25

 

[Koolpc]

Back in October, I gave our son £40k to buy premium bonds as I gave our daughter the same for her house. He got sweet FA this month. I got £200 and SWMBO got £25

Grandad!!!!

 

[Diyisfun]

6 wins this month, had 6 about 4mths ago also.
I calculate my interest rate by adding my winnings for the past 12 mths divided by total invested. It usually sits around 3.5% December win makes it 4.5%.
I just like the excitement each month.

 

[Ihavenojob]

6 wins this month, had 6 about 4mths ago also.
I calculate my interest rate by adding my winnings for the past 12 mths divided by total invested. It usually sits around 3.5% December win makes it 4.5%.
I just like the excitement each month.

My prizes amount to 2.5% this past year. A few years ago it was about 5 or 6%, but I sold them to give the money to our daughter, then as I built my holding up again, I've had hardly anything, some months nothing.

 

[ReganAndCarter]

I believe they have reduced the number of smaller prizes. If others are the same as me, their winnings will be mainly made up of small wins.

 

[Doug99]

Interest rate has been reduced for Jan 2025 resulting in less winners

 

[JohnD]

Nope it's an annualised return based on a single month's win

Random numbers don't work like that.

 

[Tetrarch]

Random numbers don't work like that.

There's no need to be so patronising. In my opinion £230,000 is not a particularly small sample and a 1.17% result vs a 4.15% expectation seems very much like an outlier

Regards

Tet

 

[JohnD]

In my opinion £230,000 is not a particularly small sample

And the returns, over a period of 12months or more, would give a fair idea of the return.

Over a single month, not.

a 4.15% expectation

It is not reasonable to expect random numbers to match the long term average.