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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.
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 ...
Everything you ever wanted to know about Premium Bonds and their history since the first draw 65 years ago. ... For premium support please call: 800-290-4726 more ways to reach us. Mail. Sign in.
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 with scratchcards, there are a wide variety of Instant Win games available with different odds of winning prizes. The cost to play varies from 25p to £5. The current highest prize is £1 million on a £5 game. Odds of winning a top prize vary on each Instant Win game, and may be higher or lower than their scratchcard counterpart.
Scottish Highlands and Wandsworth have new millionaires this month.
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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