Premium Savings Bonds Print

The maximum holding has recently been increased to £50,000.

The minimum purchase is £100, or £50 if investment is by standing order or bank transfer for existing holders.

Although no interest is paid, the prizes are tax-free. The total prizes paid are currently equivalent to a rate of net interest of 1.35%, and in September 2015 the prize fund was in excess of£63m. The maximum monthly prize is £1,000,000, of which there are currently two per month. The prize fund is split into 3 bands. The higher band includes prizes between £5,000 and £1,000,000 and accounts for approximately 7% of the prize fund. The medium band is for prizes of £500 and £1,000 and accounts for a further 5% of the prize fund. The remaining 88% of the prize fund is divided into the £100, £50 and £25 prizes.

The odds of winning a prize per £1 unit are approximately 26,000 to 1.

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