NS&I warns Premium Bonds customers over their 'luck' and says 'please note'
National Savings and Investments has warned customers "please note" as it explained your REAL chances of winning with Premium Bonds. NS&I, which is backed by the Treasury, has spoken out to customers via its social media helpline pages.
One customer reached out over Twitter/X to ask: "@nsandi @nsandihelp I'm a bit confused on how every month there's a selection of areas that are always on the top winner list I.e Essex, Sussex, Oxfordshire, Lincolnshire, Stockport, Hereford, Devon etc... Surely that can't be a coincidence? Or is it favoured towards... #bonds"
NS&I replied: "Good morning, If it seems that more prizes are won by holders in the South East, that’s because there are more Bonds held there compared with the rest of the UK. May I take this opportunity to wish you luck in future prize draws. Isabella."
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Mani replied: "Hi Sorry didn't get a chance to reply. So you're telling me there's no point in purchasing bonds for less than 30k? What a weird reply." NS&I said: "Please note it is an essential feature of the Premium Bond scheme that winning is solely a matter of luck, and there can be no guarantee of any level of return whatever the value of the holding. The random nature of the prize draw means that there is no predictable pattern 1/3."
In a follow-up tweet it explained: "to the frequency or value of prize wins. It is possible to experience months without winning a prize, as well as months with multiple wins. Currently, the odds of winning are 21,000 to 1 for every £1 Bond. This ratio remains the same for a holder of £1 as it does for one 2/3"
And in a third and final tweet it signed off by saying: "with the maximum holding of £50,000. The only distinction between them is that the holder of £50,000 has more 'entries' into the monthly draw. Isabella. 3/3"