personal finance

Premium Bonds: How likely are you to scoop £1million prize? NS&I reveals odds of winning

This is regardless of age, meaning children can also only hold up to £50,000.

While Premium Bonds can be bought by any adult for a child who is under the age of 16, until the child’s 16th birthday, the parent or guardian nominated on the application looks after the Bonds.

NS&I sends confirmation of any transactions made, prizes won, and payment for cashed in Premium Bonds to this person until the child turns 16.

While maintaining anonymity, some details about the winners of the recent January prize draw have been published on the NS&I website.


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