The odds of any Premium Bonds winning a prize in a monthly prize draw is one in 22,000. Your chances of winning a prize depend on NS&I’s “prize fund rate” and the amount you’ve invested.

For every £1 bond in the monthly prize draw, the odds of winning are 22,000 to one, according to the NS&I. In April, the annual prize fund rate dropped from 4 per cent (variable) to 3.8 per cent.

To check if you’ve won a prize on premium bonds, you can visit the NS&I checker on its website and enter your bond numbers. There is also an NS&I app which allows savers to check results on the ...

The first big winner lives in Norwich and they hold the maximum of £50,000 in Premium Bonds, with a winning bond number of ...

For those unfamiliar with the product, Premium Bonds are sold by National Savings and Investments (NS&I). You buy them for £1 each, with a minimum purchase of £25 and a maximum of £50,000. Instead of ...

Premium Bonds – a type of cash savings where, instead of earning interest, each £1 bond you hold is entered into a monthly prize draw with prizes ranging from £25 up to £1million – are one ...

Premium Bonds are essentially a savings account you can put money into, where instead of being paid interest, tax-free prizes are awarded in a monthly draw. Prizes range from £25 to £1 million. The ...

Essex tops the table in July’s Premium Bonds draw, with holders in the region securing the greatest total prize amount, more than any other area ...