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
Famous quotes containing the words prize, fund and/or distribution:
“What we have we prize not to the worth
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)
“I am advised that there is an unexpended balance of about $45,000 of the fund appropriated for the relief of the sufferers by flood upon the Mississippi River and its tributaries, and I recommend that authority be given to use this fund to meet the most urgent necessities of the poorer people in Oklahoma.”
—Benjamin Harrison (1833–1901)
“Classical and romantic: private language of a family quarrel, a dead dispute over the distribution of emphasis between man and nature.”
—Cyril Connolly (1903–1974)