Premium Bonds prize checker: When is April’s draw and the way can I verify if I’ve gained? | EUROtoday

Every month, savers have the possibility to win large prizes because the Premium Bonds profitable numbers are introduced. There are actually 24 million folks collaborating within the government-backed financial savings scheme, with greater than £127bn banked.

Premium bonds are an funding product from the National Savings and Investment (NS&I), which is owned by the federal government. Each month, tens of millions of savers are entered right into a prize draw to win money prizes starting from £25 to £1 million, with two millionaires made at each draw.

Every £1 entered has a 22,000-to-one likelihood of profitable. The minimal funding is £25, whereas the utmost is £50,000.

These financial savings don’t accrue curiosity as with common financial institution accounts, however are put up towards a random digital prize picker known as ‘Ernie’ – the Electronic Random Number Indicator Equipment.

The date of this month’s draw is Tuesday 1 April. The outcomes of this draw can be launched by NS&I the next day.

What are the possibilities of profitable?

There are many premium bond winners each month, however the precise likelihood of profitable stays pretty low. Most folks won’t ever win a prize, that means their funding will keep the identical. However, the scheme can be risk-free, that means cash gained’t be misplaced both.

Analysis by cash knowledgeable Martin Lewis discovered that the ‘interest rate’ on premium bonds accounts is 4 per cent when all winnings are thought-about – however notes most individuals gained’t see something like this. Many financial savings accounts within the UK additionally provide a better rate of interest than this, which can be much more constant.

The distribution of prizes adjustments barely each month. Here have been the ends in January 2025:

How to verify should you’ve gained

To verify should you’ve gained a prize on premium bonds, you’ll be able to go to the NS&I checker on its web site and enter your bond numbers.

There can be an NS&I app which permits savers to verify outcomes on the go.