Won £175 this time. Have had the full £50K holding for about two years and the return overall has been about in line with expectation based on NSI's stated figures. A few months with zero but one with £500.
Martin Lewis advised that investment works out as a better bet for larger sum investors.
External Link/Members Only"Even with the rate increase, Premium Bonds are likely to be beaten elsewhere
For most savers with average luck, and who don't pay tax on savings interest, normal savings are still likely to beat Premium Bonds. This is because savings pay a constant rate of interest – so if you get the top easy-access rate of 4.35%, you'd get roughly £43.50 in interest for every £1,000 saved.
Though this rate is variable, it provides more certainty than Premium Bonds, where many saving the same £1,000 would win nothing.
Many people often think "I'm likely to get the prize rate (or thereabouts) – and there's a small chance of winning a million". But the main point is that this isn't correct. You're actually likely to get quite a lot less than the prize rate of 3.7% or 4%, and there's a negligible chance of winning a million."