Financial Requirement - Cash Savings - Premium Bonds & SIPP Pension Pot

It doesn't sound like a life plan more like an investment in bonds or stocks or gilts (T-bonds) but I couldn't quite figure out what exactly they were offering.

I might look at something like that for my kids eventually.

Won another £25 today after a £50 win in January, 2% interest rate based on my current holding but most of that holding was built starting last June current got £6000 in bonds after this win, I reckon at this rate I'm getting just under 4% return per annum.

My recent prize history, really chuffed this year £225 in the last three months £400 this year.

I get disappointed if I don't get a prize each month now

This is on a total of just under £7000 in bonds now, about 6.2% return this year on the actual cash I invested discounting the £400 I've that I've won.

Won another £50 today!

That's after the £125 last month

7.2% return this year so far Jan to Nov.

edit: Sh*t I didn't read it properly, £50 was the first prize of two again this month, the second one was £100

That's £550 this year to date, 8.6% return this year so far.

My Chase account gives me about 3.75% on savings but it pays the interest every month and that's becoming a problem for me before April 6th as I'm currently at £973 interest paid in this tax year.

I must admit I've thought about opening an NS&I savings account as well, I just opened another Nationwide savings account after my last one matured, the old one was 8% per annum and the new one is 6.5% per annum but there is a limit of 200 quid on the amount you can save to increase your balance each month which effectivley reduces the return quite a bit.

How much is your holding if you don't mind me asking?

Approx, I don't want to be nosey.

Oh I knew that returns were and are related to the size of holding that's the only reason I'm winning regularly now.

I went back a few days ago and analysed my own wins and yeah it has tended to be more from the larger blocks even for my small holding, I had been going to post about that as that was part of your theory of winning and I'm more likely to agree with that today.

I do feel that I have won disproportionately this year though, there are people with much large holdings who almost never win anything, so I've been pretty lucky.

And what do you mean?

Same here

How'd you do this month John?

Me, I can't believe this run I've had, yet another 2 wins today of £100 each, thats a total of £750 in the last 367 days, with 2 wins each month since October with the only exception being December.

All wins get reinvested.

It's a win, it's effectivley interest and it's the UK Government paying that interest so it's good!