Crosswords3 mins ago
Premium Bonds Win
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For more on marking an answer as the "Best Answer", please visit our FAQ.From August there will be two �1 million pound prizes up for grabs by each of the 26 billion Premium Bonds that exist.
Each Bond has a 1 in 13 billion chance of winning.
This means that your 1000 Bonds have a 1 in 13 million chance of winning the �1m
These odds are approximately 4650 times worse than compared to a Lotto jackpot of, for example, �5m.
With anything over �5000 you can expect to win at least �300 a year and still have all your money available to withdraw.
I personally find them to be an excellent investment - *gazes up at �50 cheques from June and July that are waiting to be paid in*.
For more information - similar to that provided by Kempie, see http://www.nsandi.com/