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UK Premium Bonds: 24 Million Savers, Millionaire Draws Ahead

12/24/2025

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Summary

Story summary

The government-backed Premium Bonds scheme in the UK has about 24 million savers and £127 billion invested.
Each month savers enter a prize draw for £25 to £1 million, creating two millionaires.
The odds of winning are 22,000 to 1 for each £1 bond, with a £25 minimum.
An analysis suggests an effective 4% interest rate when winnings are considered.
The next draw is January 2, 2025.

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Story summary

The government-backed Premium Bonds scheme in the UK has about 24 million savers and £127 billion invested.
Each month savers enter a prize draw for £25 to £1 million, creating two millionaires.
The odds of winning are 22,000 to 1 for each £1 bond, with a £25 minimum.
An analysis suggests an effective 4% interest rate when winnings are considered.
The next draw is January 2, 2025.