premium bond winnings

[bubbles4920]

since when did they introduce �25 as a prize amount for premium bonds? does this mean there are more prizes to be had or less of other amounts?

[kempie]

Each month's total prize fund is a percentage of the interest earned by all eligible Premium Bonds. Therefore, by definition, the newly introduced (April '09) �25 prize reduces the number of other wins e.g. if there are 1 million �25 prizes then there is �25,000,000 less to be won by the other prizes.

http://www.nsandi.com/press-room/press-release s/pr2004408.jsp

http://www.nsandi.com/products/pb/tandc.jsp

[dzug]

I thought (but my memory could be at fault) that one of the �1m prizes has been at least in part replaced by �25 prizes.

So more prizes but lower value

[Whoever]

The �25 prize was introduced this month. There is now only one �1 jackpot prize instead of two, and your chances of winning are now even less than previously.