Premium Savings Bonds Print
The maximum holding is £50,000, and the minimum purchase is £25.
Although no interest is paid, the prizes are tax-free. The total prizes paid are currently equivalent to a rate of net interest of 1.0%. 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 5% 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 90% of the prize fund is divided into the £100, £50 and £25 prizes. In March 2021 there were over 3m prizes with a value of just under £87m.
The odds of winning a prize per £1 unit are approximately 34,500 to 1 each month.