National Savings
NS&I Premium Bonds
CHANGES TO PRIZE FUND
Following recent reductions in the Bank of England base rate, NS&I is making some changes to the Premium Bonds prize fund.
From 1 April 2009 we will:
• introduce a new £25 prize alongside the existing prize values.
• replace one of the two monthly £1 million jackpots with a wider mix of other prizes.
• change the shares of the prize fund allocated to the higher, medium and lower value prizes to 6%, 5% and 89% (currently 4%, 1% and 95%).
• reduce the prize fund interest rate from 1.80% to 1.00% pa, free from UK Income Tax and Capital Gains Tax.
We guarantee to maintain this rate for at least the April, May and June 2009 prize draws.
The new £25 prize has allowed us to keep the chances of each Bond number winning a prize at 36,000 to 1, even with the lower interest rate.
The table below shows an estimate of the number of prizes of each value for the April 2009 draw.
| Prize band | Prize value | Estimated number of prizes for April 2009 |
|
Higher value (6% of prize fund) |
£1 million | 1 |
| £100,000 | 2 | |
| £50,000 | 3 | |
| £25,000 | 8 | |
| £10,000 | 20 | |
| £5,000 | 37 | |
|
Medium value (5% of prize fund) |
£1,000 | 645 |
| £500 | 1,935 | |
|
Lower value (89% of prize fund) |
£100 | 18,941 |
| £50 | 18,941 | |
| £25 | 1,034,532 | |
| Total estimated value for April 2009 | £32.2 million | 1,075,065 |
Visit www.nsandi.com for full details. Or ask for our Premium Bonds prize draw details leaflet at a Post Office branch.
National Savings and Investments is backed by HM Treasury.