Premium Bond Calculator On Moneysavingexpert - Is there an error?

HUMBUG
HUMBUG Posts: 467 Forumite
Part of the Furniture 100 Posts Name Dropper Combo Breaker
edited 22 January at 1:31AM in Savings & investments
The link is below:
https://www.moneysavingexpert.com/savings/premium-bonds-calculator/

When it was comparing winnings to a saving account using 50k at 4.85%  at  Basic Rate Tax it gives a return value £2140. 

But 50,000 x 4.85% = £2425

Therefore 80% of £2425 = £1940 

Is my maths flawed?

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