How we share out Premium Bonds prizes - NS&I

We pay out two £1 million jackpots each month. We then divide the balance of the prize fund share allocated to the higher value band equally among the remaining prize values. First we work out the number of £100,000 prizes. When there is a balance that’s less than half of that prize value, we carry it over to the … See more

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How We Share Out Premium Bonds Prizes - NS&I

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nsandi.com

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NS&I Cuts Premium Bond Rate To 4.15% – Are They Still Worth It?

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Oct 22, 2024 · A brief breakdown of the complex maths behind Premium Bonds. Premium Bonds are essentially a savings account you can put money into, where instead of being paid …

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NS&I To Cut Premium Bond Prize Rate To 4.15% - MoneyWeek

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Oct 22, 2024 · From the December draw, the prize fund rate for Premium Bonds will fall from 4.4% to 4.15%. The odds of winning will reduce from the current odds of 21,000 to 1 to 22,000 …

moneyweek.com

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Premium Bonds Warning: Savers 'can't Count On' NS&I Product …

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Oct 23, 2024 · "Even with the changes, we’re still expecting to pay out over 5.7 million prizes worth over £435 million in the December Premium Bonds draw. "Our portfolio of both fixed and …

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NS&I Premium Bond Prize Rate Cut To 4% – MSE Analysis

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Nov 26, 2024 · A brief breakdown of the complex maths behind Premium Bonds. Premium Bonds are essentially a savings account you can put money into, where instead of being paid …

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Premium Bond Prize Fund Rate To Be Cut Again To 4% - MoneyWeek

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Nov 26, 2024 · From the January 2025 draw, the prize fund rate for Premium Bonds will fall to 4%, down from 4.4% today and 4.15% in December. The odds of winning will remain the same …

moneyweek.com

FAQs about How we share out Premium Bonds prizes - NS&I Coupon?

Could NS&I stop winning Premium Bonds?

MILLIONS of Premium Bond customers could stop being eligible to receive prizes due to a little-known rule. More than 24million people currently hold the bonds with National Savings & Investments (NS&I), which enter you into a monthly prize draw where you could win up to £1 million. ...

How are Premium Bonds prizes allocated?

Premium Bonds prizes are split into three bands: higher, medium and lower value. They are allocated based on a percentage share of the monthly prize fund to each band. There are two £1 million jackpots each month. NS&I divide the balance of the prize fund share allocated to the higher value band equally among the remaining prize values. ...

How long did it take NS&I to win a premium bond?

The winning bond was purchased in February 1959, so they did have to wait more than 45 years for the win. To see if you’ve won a prize with your Premium Bonds, enter your details into NS&I's Premium Bond Prize Checker. ...

What is the NS&I Premium Bond prize fund rate?

The Premium Bond prize fund rate currently sits at 4.15%, but NS&I has announced it will cut it to 4% from January. The odds of winning will stay the same at 22,000 to 1 for every £1 Premium Bond. As the January draw approaches, we lift the lid on some frequently asked questions. How do you know if you've won? ...

How do I win a premium bond?

Helen Kirrane of This is Money replies: Congratulations on your first time lucky win. Premium Bonds holders can choose to have prizes paid by bank transfer directly into a current account, by cheque or reinvest the prizes so they go into the next prize draw. ...

How much are NS&I Premium Bond prizes unclaimed?

NS&I says there is £54m in unclaimed Premium Bond prizes. The prize checker page on NS&I’s website includes the last six months of draws. All bond numbers with prizes unclaimed after 18 months are listed in a downloadable document. Simply enter the document, type Ctrl-F, enter your bond number and search. ...