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Numbers are entered in the draw each month, with an equal chance of winning, until the bond is cashed. As of 2015, each person may own bonds up to £50,000. [4] Since 1 February 2019, the minimum purchase amount for Premium Bonds has been £25. As of January 2025 there are over 128.7 billion eligible Premium Bonds, each having a value of £1. [5]
Premium bonds are an investment product from the National Savings and Investment (NS&I), which is owned by the government. Each month, millions of savers are entered into a prize draw to win cash ...
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Lottery bonds are usually issued in a period where investor zeal is low and the government may see an issue failing to sell. By knowing ahead of time when the coupons will be paid and how many bonds will be redeemed at the original value and at the lottery value, the issuer can value the bond accurately and know ahead of time the cost of the borrowing.
The weekly draw is held on Fridays at 12:30 in the General Post Office, Dublin. Prizes range from €75 to a jackpot of €50,000 except for the last draw of each month, when the jackpot is €500,000. As of 2023, the prize fund will almost treble in size to c. €48m and the size of the fund is now almost €4.7 billion [4]
The winner holds £50,000 in premium bonds and purchased their winning bond in July 2014. They are the ninth millionaire from Suffolk. For the October 2022 draw, NS&I paid out almost 5 million ...
23 May – 2024 Thane explosion: At least nine people are killed and 64 others injured after a fire caused by an exploding boiler breaks out at a chemical factory in Dombivli, outside Thane. [68] [69] 25 May - 2024 Rajkot gaming zone fire: At least 33 people are killed including nine children in a fire at a gaming arcade in Rajkot, Gujarat. [70 ...
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