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In fact, a total of 13 Premium Bonds savers won the £1million prize with holdings of less than £1,000. Before June 2015, it was £40,000 – a limit that dated back to June 2014. In 1994, when the £1million prize was introduced, the maximum holding was £20,000. The minimum purchase amount for Premium Bonds has been £25 since February 2019.
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Higher rate taxpayers can only earn £500 of interest before tax, while additional rate taxpayers have no savings allowance. The odds of winning a £1million jackpot prize with a £50,000 holding is 1 in 1.3million. While the odds of winning a £100,000 prize with a £50,000 holding are 1 Big Lucky in 35,026 and you have 1 in 17,629 of winning a £50,000 prize with a £50,000 holding. The odds of winning a prize are 22,000 for each £1 held, so the larger your holding the higher your chance of success. Some 178 of the 564 £1million prize winners since 1994 held the maximum in Premium Bonds, representing 31 per cent. This reliance on manual processes falls short of modern industry standards and does not adequately serve those who may be most at risk.

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If you have just started your adventure in the entertainment world, we have put together a list of games to make your choice easier. But still, we recommend playing each game to make your own list of the best. Most of them came from Devon, where there were 18 £1million prize winners. A bond only becomes eligible to be entered into a draw after the holder has owned it for a full month. This may be particularly attractive to higher rate taxpayers who may find their interest taxed if they put the money in a savings account instead.

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On our website you will only find licensed, safe online casinos. Big Lucky was officially available in May 2025, but by signing up via Kingbonus, got players started in April. This not only granted early access but also upgraded the welcome bonus to a exclusive no-sticky version. The main advantage is that your deposited money is used first, and any winnings can be withdrawn before the bonus becomes active.
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And with that much money on offer, a whole stack of Premium Bond myths has built up over the years. Their license comes from Curacao, which is the new form of the said agency, now called Curacao Gaming Board. This indeed raises the trustworthy of the licenses, as there are no more master licenses, who can sell sub-licenses to whoever they want. This Curacao-licensed casino runs on a no-registration Pay N Play model through Brite. He started streaming on Twitch and has later expanded Kingbonus into Instagram, Youtube and Kick.

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This compares to the average Premium Bond holding of £5,613, so as you would expect holding more bonds does increase your chance of winning the million-pound prize. Free professional educational courses for online casino employees aimed at industry best practices, improving player experience, and fair approach to gambling. Good thing is that players can enjoy of a hefty new player deposit, which is up to 500 euros.
This is impressive considering the South East makes up 14 per cent of the population. Prizes are paid from the interest earned from the total amount held in Premium Bonds. Therefore, bonds need to be held for a full calendar month to earn interest to be eligible. Savers who automatically reinvest their prizes are being paid from interest already held by NS&I. Any Premium Bond winnings in the draw are tax-free and don’t count towards your Personal Savings Allowance, which lets basic rate taxpayers earn £1,000 interest tax-free.

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