Jun 1, 2022 · The new odds of each £1 premium bond number winning a prize is 24,500 to 1 - up from 34,500 to 1 previously. The draw also had an extra 1.4m prizes worth £40 million paid out. NS&I chief executive Ian Ackerley said the new rate ensured premium bonds were ‘priced appropriately when compared to the interest rates offered by competitors’. Dec 11, 2023 · Most recently, the total prize amount for premium bonds was £96,395,075. The prizes are banded into higher value ( £5,000 to £1million), 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. Winners are notified by text and/or email, or if you win the £ Oct 2, 2023 · Reporter. October 2, 2023 10:11 am (Updated 10:22 am) Two Premium Bonds holders – one from Greater Manchester and one from west Scotland – have been the lucky recipients of this month’s top Sep 1, 2022 · Premium Bonds is an investment product issued by National Savings & Investment. But instead of earning interest, you are entered into a monthly prize draw where you can win between £25 and £ May 3, 2023 · Premium bond winnings are tax-free, however we have a personal savings allowance which covers most of us. For example, basic-rate tax payers get the first £1,000 of interest tax-free. So – if you have the NS&I Direct Saver for example, you could have about £35,000 stashed here, earning that 2.85% interest a year, before tax becomes an issue. Two-factor authentication is here. We already pay 9 in 10 prizes either straight to customers’ bank accounts or by reinvesting into more Bonds. If you still receive Premium Bonds prizes as a cheque in the post, why not switch to a better way? You can have prizes paid straight to your bank account (or NS&I Direct Saver) or reinvested into more .

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