What are the prize payouts for premium bonds?
What are the prize amounts for premium bonds? Most recently, the total prize amount for premium bonds was £96,395,075. The prizes are banded into higher value (£5,000 to £1 million), medium value (£500 and £1,000) and lower value prizes (£25, £50 and £100). There are around 3.3 million prizes in total every month.
What are the UK premium bond prizes?
Prize draw details
| Prize band | Prize value | Estimated May 2022 draw |
|---|---|---|
| Higher value (5% of prize fund) | £1 million | 2 |
| £100,000 | 6 | |
| £50,000 | 11 | |
| £25,000 | 24 |
How do NS&I prizes work?
NS&I Premium Bonds are a savings account you can put money into (and take out when you want), where the interest paid is decided by a monthly prize draw. You buy £1 bonds and each has an equal chance of winning, so the more you buy, the more your chances improve.
What happens if you go over 50000 in Premium Bonds?
Premium Bonds rule that could mean your prize is revoked if you win a draw. Premium Bond winners could see their prizes taken away if they’re found to have more money invested than allowed. The maximum amount you’re currently allowed to invest in Premium Bonds is £50,000 – with the minimum you can chip in being £25.
Can you inherit Premium Bonds?
Premium Bonds are not an asset that can be passed on to a beneficiary in the same way that funds from bank accounts and savings accounts can; they cannot simply be inherited or transferred to someone else’s name.
What day are Premium Bonds drawn?
The NS&I Premium Bonds prize draw for March will be held on March 1, which is this coming Tuesday.
Is it better to buy Premium Bonds in a block?
A There are all sorts of theories. However there is absolutely no evidence that holding premium bonds in a single block has a better chance of winning.
Do Premium Bonds contact you if you win?
We contact everyone when they win a Premium Bonds prize. But sometimes the good news doesn’t arrive. This might be because you’ve moved and you haven’t told us, you’ve changed some of your personal details or our letter went astray in the post. You never need to worry about an unclaimed prize.