Premium Bonds prize checker: When is June’s draw and the way can I examine if I’ve received? | EUROtoday

Every month, savers have the possibility to win large prizes because the Premium Bonds successful numbers are introduced. There are actually 24 million folks participating 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 probability of successful. 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 Monday 2 June. The outcomes of this draw can be found a day later and launched by the NS&I right here.

What are the probabilities of successful?

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

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

The distribution of prizes modifications barely each month. Here have been the leads to January 2025:

How to examine if you happen to’ve received

To examine if you happen to’ve received a prize on premium bonds, you possibly can go to the NS&I checker on its web site and enter your bond numbers.

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