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The jackpot winner holds £50,000 in premium bonds and purchased the winning bond in June 2018. The win makes them the ninth winner from the Outer London area. ... Northern Ireland. £15,000. May ...
Numbers are entered in the draw each month, with an equal chance of winning, until the bond is cashed. As of 2019, 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 September 2023 there are over 121 billion eligible Premium Bonds, each having a value of £1.
Originally bonds could be purchased as in units of five Irish pounds, with a minimum purchase of £10. Today the unit price is 6.25 Euros (equivalent to IR£4.92 at the final fixed exchange rate) and a minimum purchase of €25 is required. In September 2009 the Prize Bond fund exceeded €1bn for the first time. [3]
All prizes are tax free and, with approximately 84 billion bonds issued, the chances of any one bond winning a prize for a given month are approximately 24500 to 1. However, if a bond wins a prize, that bond is not redeemed but remains 'in the pool' for all forthcoming draws (at least until the bond-holder decides to redeem it.).
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In order to participate in a draw, investors must purchase a minimum $20 in bonds, and must have held them for a full calendar month. [1] The chances of winning did not exceed one in 9,600 per unit – as required by the Finance Act (No 2) 1990. As of 2007 the chance of each unit winning a prize ranged from one in 9,600 to one in 11,000. [1]