Prize Fund Distribution
The size of the prize fund on offer is equal to one month's interest on all bonds eligible for the draw. The annual rate of interest is set by NS&I and was 1.5% as of July 2012. The following table lists the distribution of prizes on offer in the July 2012 draw.
| Prize band | Prize value | Estimated number of prizes |
|---|---|---|
| Higher value | £1,000,000 | 1 |
| £100,000 | 5 | |
| £50,000 | 8 | |
| £25,000 | 18 | |
| £10,000 | 46 | |
| £5,000 | 90 | |
| Medium value | £1,000 | 1,087 |
| £500 | 3,261 | |
| Low value | £100 | 31,927 |
| £50 | 31,927 | |
| £25 | 1,743,093 | |
| Total value (July 2012) | £54,343,875 | 1,811,463 |
Read more about this topic: Premium Bond
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Whiles we enjoy it, but being lacked and lost,
Why, then we rack the value, then we find
The virtue that possession would not show us
Whiles it was ours.”
—William Shakespeare (1564–1616)
“School success is not predicted by a child’s fund of facts or a precocious ability to read as much as by emotional and social measures; being self-assured and interested: knowing what kind of behavior is expected and how to rein in the impulse to misbehave; being able to wait, to follow directions, and to turn to teachers for help; and expressing needs while getting along with other children.”
—Daniel Goleman (20th century)
“There is the illusion of time, which is very deep; who has disposed of it? Mor come to the conviction that what seems the succession of thought is only the distribution of wholes into causal series.”
—Ralph Waldo Emerson (1803–1882)