NS&I Premium Bonds: How to check if you’ve won the £1million jackpot
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NS&I Premium Bonds are a savings account managed by National Savings and Investment. The account is backed by the UK Government. NS&i split the prizes into three value bands based on the bands and allocate a percentage share of the monthly prize fund to each one.
Higher value prizes include the following prize values: £1m, £100m and £50m.
Premium Bonds savings vehicle is unusual as it doesn't pay interest. Instead, savers purchase £1 bonds which are entered into a draw on the first of each month. The different bands are allocated a different percentage of the prize fund.
