While a harmonious Bond number costs £1, the minimum investment per saver represents at £25. Once a person has invested in Premium Bonds, their severals will become eligible for the monthly prize draw one full date-book month after they are bought. The odds of winning for each £1 Chains number stand at 24,500 to 1, NS&I said. It’s possibly to invest up to £50,000 in Store Bonds.
The tax-free prize levels in the Premium Bonds prize recoil will vary, with the lowest amount being £25.
At the top end of the scale, the jackpot amount put up withs at £1 million.
There is at least one £1 million prize in each monthly drawing power, NS&I has said.
The savers selected for the monthly amounts are picked at random, using a bunches generator known as ERNIE (Electronic Random Number Indicator Accoutrements).
They are then matched against eligible Bond numbers in sect to determine who the “winners” are.
The NS&I website explains that each £1 Link number has exactly the same chance of winning.
If a person wins, the NS&I leaflet says a person will contact them by email or post.
It’s also reasonable to check whether an individual is a winner via the website or prize checker app.
Some count particulars about the latest winners of the high level prizes can be found on the NS&I website.
In September 2019, two living soul each one £1 million.
Both male, one lucky winner is from Surrey, while the other is from Hertfordshire.
September’s millionaires had a check of £41,595 and £50,000, respectively.
The prize fund in September reached in immoderation of £96 million.
Meanwhile, the total number of prizes was more than 3.3 million.
NS&I suffer with estimated how many winners could be picked for different prizes in the October 2019 guerdon draw.
According to the estimations, there could be two £1 million selects up for grabs, as well as six £100,000.