I have being buying Premium Bonds over the years and when the Banks crisis reared its head early this year I topped up my holding to the maximum over a period of a couple of weeks.(There is a maximum daily purchase online) In the last 6 months I have won 7x£25 prizes, 6 of which are from a batch purchased on 10th February, and one from a batch purchased last October, but none from any of the other batches. Very strange, as the draw is supposed to be random, that so many are from the same batch of numbers.
When premium bonds first commenced, I and a friend of mine made similar block purchases on a regular basis. He had many wins, and I had none. I still hold those bonds, and about three years ago, I contacted the bond office to see if they were still valid and registered. They were and are, but still no wins. Bit like the lottery Lucky Dips :O((
My mum purchased one £1 bond the first week they were issued (Nov 1956 I think) and never won a penny for the rest of her life. She died in 1999 but when I asked the DNS if I could keep her £1 bond and have it transferred to my name I was told it was impossible to do. They insisted on returning the £1 on receiving proof that I was executor etc and at the end of the day it probably cost them £20 to sort it out.
I agree. So far this year I'm getting a return of 1.1%, better than most savings accounts.
On the other hand we saw a Financial Advisor at the bank last week and she guided us to take out a 2 year Savings Bond which has a fixed rate of 4% which will go some way to replace the income that has been lost on our savings with the drop in interest rates this year. As she said its unlikely that general interest rates will get anywhere near this in the next 2 years.
I've found that the FAs/Personal Bankers in the bank will always help you get the best from your savings. When we were in there last week she even moved my wife's small personal savings account to a better paying one.
...my wife and I have about £58,000 of bonds between us and winnings over the last few years work out at an average of about 4%. Most months we have about 3 winning bonds. The most we have ever won is £1000 but we used to get a hell of a lot of £50's up until recently but now it's mainly £25's.
It's the only lottery I know where you get your stake back and the opportunity to win £1,000,000's!