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Every month, savers have the chance to win big prizes as the Premium Bonds winning numbers are announced. There are now 24 million people taking part in the government-backed savings scheme, with ...
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.
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.).
As the range of scratchcard games has increased, the odds of winning vary greatly. For a game with the highest available jackpot of £4,000,000, the odds of winning the jackpot are around 1 in 4,000,000, whereas for a game with a low jackpot prize (and thousands of jackpots available), the odds of winning the jackpot are as low as around 1 in ...
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The Prize Bond Company is a joint venture between the founders An Post and FEXCO and is based in Killorglin, County Kerry.The company was created in 1989 with issued share capital between the founders of 50% each and will operate the scheme under its current (as of 2011) contract until the end of 2019.
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In 2015 the odds of winner per unit increased to range from between one in 14,000 to one in 20,000. [2] A single bonus bond or unit translated to one dollar, and each unit owned had a chance of winning. The average win was apparently around $27.50, [3] giving a tax-free return of around 3.4% . Returns varied based on security returns, and these ...