Premium Bonds

Albermarle

UnsureAboutthis said:

Average is just that, average.

We are currently on about 1% for my PB's over 12 months and my OH is close to 2%
We are considering closing one lot and moving it to a building society, not fixed at over 4.5% saving rate, gross.

I've seen winners in the press announcements that hold 5 quids worth PB's have won a million quid,  but on the whole, a lot more win the million who hold the max amount.

Although even with the maximum holding, the chance of winning a Million remain extremely small.
With £50K of bonds you would win on average a Million every 100,000 years.