Premium Bonds

Premium Bonds is an investment product issued by National Savings & Investment - but instead of earning interest, you are entered into a monthly prize draw ...

The minimum amount you can have invested in Premium Bonds is £25, and the maximum is £50,000. At the moment the odds of a bond winning each month are 34,500 to 1 for every £1 Bond you have invested. This person has £49,995 invested in Premium Bonds - the maximum possible amount - and purchased their winning Bond in July 2006. Have you won big on Premium Bonds and want to share your story? Premium Bond results for April are in - and there are two new millionaires in the UK. Premium Bonds is an investment product issued by National Savings & Investment - but instead of earning interest, you are entered into a monthly prize draw where you can win up to £1million

NS&I has selected another two Premium Bonds holders for the £1m prize in the draw for April 2022 – here's how to check yours.

A Freedom of Information request from Money Saving Expert in April 2019 found that more than 180,000 prizes had not been delivered, with a combined value of £8m – including £66,900 in the previous year. A total of 3,396,079 prizes were paid out in the April draw, with a combined value of £97,637,200, out of 117,164,626,417 eligible numbers. Registering online can also prevent prizes going missing in the post, with a report last year revealing the scale of such problems.

Premium Bonds are run by NS&I and are a tax free way of winning anywhere between £25 and £1 million in the monthly prize draw. TAGS; Hereford.

Find out who won this month's £1m jackpot prizes in NS&I's latest premium bonds draw - plus, find out how many prizes you'd need to win to beat inflation.

To get that kind of return over 12 months would mean you’d need to win between 10 and 11 £25 prizes every month. Savings of £1,000 would need to grow by £62 to keep up with inflation. According to premiumbondscalculator.com, you’d have a 96.6% chance of winning nothing. However, you’d need above-average luck to achieve this. The premium bonds calculator says it’s more likely you’d win £450 in prizes over a year; your chance of getting at least £2,500 is 1 in 898, while your chances of winning £5,000 are 1 in 914. And, if you don’t win, cash held in premium bonds won’t receive any interest at all. The calculator says you’d only have a 1.01% chance of winning £75 in a year; and a 70.6% chance of winning nothing at all. In last week’s Spring Statement, Chancellor Rishi Sunak revealed that the Office for Budget Responsibility (OBR) predicted inflation would average 7.4% this year. Based on average luck, you could expect to win roughly £75 in prizes over the course of a year (though you might get less). There’s a 1 in 122 chance of winning £500, and 1 in 438 chance of winning £750. While this can be successful, it all depends on your luck as prizes are never guaranteed. We’ve taken four investment amounts to see how many premium bond prizes you’d need to win in order to keep up with the current 6.2% rate of inflation. Here, Which? reveals the winning bond numbers, and looks at how much you’d have to win to beat the current 6.2% rate of CPI inflation.

Two lucky Britons have won NS&I's £1million jackpot prize draw while many others have picked up top cash prizes worth thousands of pounds.

PREMIUM BONDS hope has been sparked for savers with older Bonds, as the latest two winners bought their winning numbers over a decade ago.

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. Premium Bonds results for April were released yesterday, with the prize checker updated this morning. We use your sign-up to provide content in ways you've consented to and to improve our understanding of you.