https://www.theguardian.com/money/2...s-prizes-direct-saver-investment-account-isas

You are using an out of date browser. It may not display this or other websites correctly.

You should upgrade or use an alternative browser.

You should upgrade or use an alternative browser.

- Thread starter Raging Bull
- Start date

https://www.theguardian.com/money/2...s-prizes-direct-saver-investment-account-isas

- Messages
- 3,849

Oh dear After all that effort to buy £50k back in July. It was looking good; 3 x £25 in August, 5 x £25 in September, that is an annualised run rate of 2.4% p.a. against my expected rate of 1.2% p.a. (I ignore the possibility of prizes in excess of £25 in these calculations) My expected run rate will now reduce to 0.85% p.a. Still better than elsewhere.

https://www.theguardian.com/money/2...s-prizes-direct-saver-investment-account-isas

Last edited:

- Messages
- 3,849

Premium Bonds pay 0.85% in £25 units. So with 10k you might expect just over 3 prizes per year but varying between say 1 and 5.

Prize Bonds pay 0.35% in €50 units so you should expect under 1 prize per year with little chance of more than 2.

As always I am ignoring the remote chances of hitting the jackpot, but maybe that can satiate your Lotto fixation, if you have one

Applying for Premium Bonds is a bit of an effort but it can be done on line.

Last edited:

What does today’s NTMA acnnouncement mean for prize bonds?

Replied to your identical post in the New State Savings Rates thread.

- Messages
- 3,849

Bad news! The return in €50 prizes has been reduced from c. 0.35% p.a. to c. 0.25% p.a. It means that a couple with the maximum €500k can expect a €50 prize once every 2 weeks.

Last edited:

.Prize bonds are in the news again - featured on Liveline today. No Brendan this time.

Last edited:

Ended up with 0 x €0 prizes for 2020 for 45kEnded up with 10 x €50 prizes for 2020 for 130k

- Messages
- 3,849

You would have expected on average 9.1 prizes. You are spot on average as it is not physically possible to get 0.1 of a prize. Your chances of 10 or more was 43%. Under the new rules you can expect on average 6.6 prizes in a year, with only a 14% chance of 10 or more.Ended up with 10 x €50 prizes for 2020 for 130k.

You would have expected 3.2 prizes with only a 4% chance of getting none. You were unlucky; are you sure you had them for the full year?SparkRite said:Ended up with 0 x €0 prizes for 2020 for 45k

Under new rules you can expect 2.2 prizes per year with 11% chance of no prizes.

- Messages
- 1,261

Ended up with 0 x €0 prizes for 2020 for 45k

Snap!

Well, almost. Nearly €50K invested and zilch in the 12 months to the end of November, 2020. Cashed them in then. Not directly related to the lack of return, but it will be a consideration as regards re-investment.

Thanks for the maths, Duke.You would have expected 3.2 prizes with only a 4% chance of getting none. You were unlucky; are you sure you had them for the full year?

Under new rules you can expect 2.2 prizes per year with 11% chance of no prizes.

Actually have them for 18 months now and zero return.

- Messages
- 3,849

That is only a 1% chance. I presume you don't back the gee gees.Thanks for the maths, Duke.

Actually have them for 18 months now and zero return.

I had a long run of blank weeks last year which was a less than 1% chance but over the year I got a 0.33% return which is just below the expected 0.35%. In 2019 I got precisely a 0.35% return.

That is only a 1% chance. I presume you don't back the gee gees.

Indeed, I do not !

If it weren't for bad luck, I'd have no luck at all.

Actually about 6 years ago I had just shy of 100k in there and usually collected 3 - 4 €50's a month. Never anything higher.

Then they started their messing with the % payouts and it very rapidly went downhill from then.

I used to look forward to the Friday check, but don't even bother much now.

Yes, one €500 win amongst a couple of €50 wins in 2021 would suffice.The only plus, is that there is achanceof a larger win than the €50...

I still have over €150k and very few wins. This month I got a €50 and a €100. Very unusual.

Also switched €100k to the stock market and got a nice dividend of €1000 after tax in April with three more dividends (not as much) due over the next 3 quarters....

Grateful for what I have but all hard earned and need it to work for me also.....