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Each month, millions of savers are entered into a prize draw to win cash prizes ranging from £25 to £1 million, with two millionaires made at every draw. ... There are many premium bond winners ...
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.
As well as the two £1m bonds, there are 18 winners of £100,000, 36 of £50,000, 71 of £25,000, 178 worth £10,000 and 357 with a £5,000 prize. The chances of all bonds winning are the same ...
Scottish Highlands and Wandsworth have new millionaires this month.
The attraction for an investor is that, each month, a draw takes place and, should an investor hold one of the bond numbers chosen, then the bond-holder will be awarded a prize of variable value. Prizes (which vary between £25 and £1 million) can be reinvested – subject to a £50,000 cap – or can be paid out.
In September 2009 the Prize Bond fund exceeded €1bn for the first time. [3] 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.
The number of higher cash prizes for bondholders is set to increase in next week’s draw ... For premium support please call: 800-290-4726 more ways to reach us. Mail. Sign in. Subscriptions;
The Oxford English Dictionary defines "premium bond" in non-specific terms as "a bond earning no interest but eligible for lotteries", and then offers the following pre-1956 quotations: 1820: The Times 13 Sept. 3/1 "The premium bonds will be delivered with the state bond and dividend warrant on the 1st February, 1821."