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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 ...
Prize band Prize value Estimated number of prizes each month Odds of winning exactly this amount with a £1 bond Odds of winning at least this amount with a £1 bond Higher value 10% of the prize fund: £1,000,000 2 1 in 64.36 billion 1 in 64.36 billion £100,000 82 1 in 1.57 billion 1 in 1.53 billion £50,000 163 1 in 789,737,809 1 in 521,163,007
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.
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.
Bond holders continue to earn interest for up to 30 years, making the bond even more valuable the longer it is kept. Bottom line Series EE savings bonds mature after 20 years, and they’ll ...
Issued at a discount of the face value, the bonds could be redeemed for the full face value when the bond matured after a number of years that varied with the interest rate at the time of issuance. If not redeemed at maturity, the bonds would continue earning interest for a total of 40 years if issued before December 1965, or for 30 years if ...
A given award may be found in more than one list. Awards may be given by a government agency, an association such as the International Cricket Council, a company, a magazine such as Motor Trend, or an organization like Terrapinn Holdings that runs events. Some awards have significant financial value, while others mainly provide recognition.
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