National Savings

2009-04-012009-03-23TSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211,

NS&I Premium Bonds


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 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.