Premium Bonds

Albermarle

eskbanker said:

Albermarle said:

So if you have 17,000 bonds for a full year , the chance of winning a Million increases to 1 in 250,000 .
So with average luck you would win a Million every 125, 000 years .

If "the chance of winning a Million increases to 1 in 250,000" then "with average luck you would win a Million every 125 250, 000 years"!

I think I had better go on that Maths course as well !

Diesel44

Not wanting to start a new thread, could I ask a question on Premium Bonds please.
I was looking at the March prize winning list, on this list is a bond value column, what does this value represent please.

eskbanker

Diesel44 said:

Not wanting to start a new thread, could I ask a question on Premium Bonds please.
I was looking at the March prize winning list, on this list is a bond value column, what does this value represent please.

PB holders often buy bonds in blocks as multiple purchases over time, and the size of each one is kept on record by NS&I, so if you see a 'bond value' of, say, £5,000 then that means that the holder bought 5,000 bonds in one purchase, including the one that won the prize being published.

Diesel44

Thanks eskbanker, yes I hold 1,000 all purchased in one lot.  As each has its own number, that bond value column threw me.