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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—Ralph Waldo Emerson (1803–1882)