On 04/02/2021 16:54, Jimmy Stewart ... wrote:
On 04/02/2021 16:26, Tim Lamb wrote:
In message , Chris Hogg
writes
On Thu, 4 Feb 2021 14:57:38 +0000, alan_m
wrote:

On 04/02/2021 13:26, newshound wrote:
On 04/02/2021 13:13, Chris Hogg wrote:
On Thu, 4 Feb 2021 13:03:03 +0000, Andrew
wrote:

I have always suspected that new bonds of a substantial
amount get preferential treatmenst for 2 years and then
the prize stream dwindles noticibly. Other people have
noticed this too.

+1

But if true, wouldn't that amount to fraud, given that they are
advertised as being completely random. It seems an unlikely way for
NS&I
to act, given that it is testable.


+1

Often the drop off in winnings is down to an interest cut so fewer £25
prizes to give out. This has been happening for a decade or more in
line
with other cash savings products. It's nothing to do with this mythical
new bonds give more prizes.

Late last year NS&I cut the interest rates on all their products
including premium bonds, albeit the premium bonds are still relatively
competitive with many other cash type investments. Most of the other
NS&I products went from 1%+ interest to near zero (0.05%).

It is only a perception. When my late wife and I both put money into
PBs, we seemed to get more wins in the first couple of years compared
to subsequently. But I never tabulated the numbers/dates, so the
evidence is shaky at best.

Look for £25.00 payments in your bank statements. They seem unable to
multiply and make a single bank transfer.


still waiting

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

Your statement shows an entry like 012345678901NS PBZ