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

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- Thread starter Raging Bull
- Start date

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

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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

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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.

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

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

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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.

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

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

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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.

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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.

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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...