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Premium bonds - odds of winning
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ll47
Posts: 1 Newbie
I heard that the odds of winning were lower than they used to be but wondered what the chances were now compared to national lottery for example.
0
Comments
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Odds are 22000 to 1.
That averages out to an equivalent interest rate of 3.40% if you were to an average winner.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Have you seen this tool?
http://www.moneysavingexpert.com/savings/premium-bonds-calculator/
Incidentally, I don't think personal links in sigs are allowed?Debbie0
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