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:
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—Angelina Grimké (1805–1879)
“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)
“The man who pretends that the distribution of income in this country reflects the distribution of ability or character is an ignoramus. The man who says that it could by any possible political device be made to do so is an unpractical visionary. But the man who says that it ought to do so is something worse than an ignoramous and more disastrous than a visionary: he is, in the profoundest Scriptural sense of the word, a fool.”
—George Bernard Shaw (1856–1950)