24 May 2022 updated 27 August 2022
From June, NS&I Premium Bonds will give out more money.
The odds of winning will increase to 24,500 to 1 for every £1 Bond from the June 2022 prize draw.
The annual prize fund rate will increase to 1.40% from the June 2022 prize draw.
All prizes are tax free.
Holders can invest between £25 and £50,000 in Premium Bonds.
| Prize | Estimated quantity in June 2022 draw |
|---|---|
| £1 million | 2 |
| £100,000 | 10 |
| £50,000 | 19 |
| £25,000 | 40 |
| £10,000 | 98 |
| £5,000 | 196 |
| £1,000 | 2,764 |
| £500 | 8,292 |
| £100 | 37,922 |
| £50 | 37,922 |
| £25 | 4,748,097 |
Total prizes: 4,835,362
Total value: £138,210,725
Higher value prizes between £5,000 and £1 million constitute 5% of the prize fund.
Medium value prizes between £500 and £1,000 make up 5% of the prize fund.
Lower value prizes between £25 and £100 make up 90% of the prize fund.