Buy Premium Bonds for a child under 16, starting from only £25. And they could win up to £1 million. Start gifting Need extra support? If you, or someone whose account you look after, need extra support we're here to help Learn more Why...
Any Premium Bond numbers that go over the £50,000 limit are not eligible to win prizes. If a number beyond the limit is drawn, and a prize is paid in error, we have the right to reclaim it. Annual prize fund rate 4.00%, variable 3.80%, variable (from the April 2025 prize dr...
And the same winning Bond can win again in a different month. Once a month ERNIE, our Electronic Random Number Indicator Equipment, generates numbers at random. We then match those numbers to eligible Bonds to determine the lucky winners. Find out more about ERNIE and the prize draw on page...
Using light, ERNIE 5 generates random numbers that are matched against eligible Bond numbers to determine the lucky winners. And because it’s random, every Bond number, whether it has 8, 9, 10 or 11 digits, has a separate and equal chance of winning a prize. ...
We then calculate the numbers of other prizes in this value band in the same way, from highest value to lowest value. When calculating the number of £5,000 prizes, any surplus or shortfall is added to or taken from the medium value band. ...