OT my new premium bonds

still waiting

Not preferencial treatment. There's just more of them.

Hmm ive had £500 worth of premium bonds since 1959 only ever won a few time until 2019 when I won 6 times one after another

Yes and yet they always deny this and if it is so, why not admit it? Brian

It takes 3 working days after you get the email for it to arrive.

Your statement shows an entry like 012345678901NS PBZ

It took me around a year to persuade my mother to get the prize to be automatically transferred into her bank account. Before that she was getting paper warrants? that required her to visit the bank to pay in. As someone else has mentioned a bank transfer for 3 off £25 wins will be

It is also possible to elect to reinvest winnings if you haven't got the maximum premium bond allowance.

oh right thanks

see that

I think it is great fun wondering if you will be lucky...more fun than the lottery anyway......

I bought a £2 bond in the post office in Dec 1965 and in 2013 I won £25 from that bond. Maybe NS occasionally throw some extra small prizes at the really old bonds, because statistically I wouldn't expect this.

According to the RPI tables I would have needed to win about £33 to get my money back. This is what the treasury are gambling on, that people will buy them and forget about them.

And you can have your money back!

In message <rvjeno$vtq$ snipped-for-privacy@gioia.aioe.org>, Andrew snipped-for-privacy@mybtinternet.com writes

My Aunt gifted my sister and myself £5.00 each in bonds about then. I converted mine to lots of air rifle pellets but my sister's ones won £25.00 about 3 years after she died!

Maybe just be grateful that you have the luck to be able to coomment about multiplying :-)

I think it's because each prize winning has a reference number attached to it, so they have to tie up the reference number with the payment.

Usually the reference number on your bank account is the payment reference, not your holder number or bond reference.

Getting multiple payments may not be idea, but it's better than multiple cheques (warrants) (and cheques are being phased out anyway).

Also factor in (if you work on a % return) that the minimum prize they pay out is £25, so if you work on the current prize rate of 1%

Probably why small bond holdings don't get much: 1% of £200PB is £2, so you may have won, but it wouldn't pay (if less than £25).

Also, it's a prize rate, not an interest rate :-)

I was given £10 worth as a birthday present over 60 years ago, but never a peep from NS&I (though they know where I am). I haven't forgotten about them.

:-) My wife and I have the maximum allowed invested. She got £25.00

Indeed

Took me a while to work out who owed me £25 when I first saw them.

It's random. They say, and don't ask for a cite, that occasionally old bonds do win big prizes.

Two neighbours gave me £1 and told me to buy a premium bond in 1970, when I was 21. I bought a few more, about £80, through a deduction from pay scheme, and won £25 a long time ago. With the interest rates being so low I cashed them in last year and started putting £100, now £300, a month into PBs. No wins yet but it's nice to dream, even if the odds are against me.

I think you need a nice big block of them to stand a chance....

best bit