Answers · UK 2025/26
What is the Premium Bonds prize fund rate in 2026?
The Premium Bonds prize fund rate in 2026 is approximately 4.40% (tax-free). The odds of each £1 bond winning a prize in any monthly draw are 1 in 21,000. Prizes range from £25 to £1 million, with the majority being the minimum £25 prize.
Full answer
The Premium Bonds prize fund rate in 2026 is approximately 4.40% (tax-free equivalent), set by NS&I (National Savings and Investments). This rate determines the total monthly prize pool distributed across all eligible bonds. Each £1 bond has a 1 in 21,000 chance of winning a prize in any given monthly draw. Prizes range from £25 to two £1 million jackpots per month. The vast majority of prizes are at the minimum £25 level. The effective return you actually receive depends on luck — some holders win nothing while others win significantly more than the headline rate suggests. Premium Bonds are fully government-backed and 100% secure. The minimum holding is £25, and the maximum is £50,000. All prizes are tax-free.
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This answer is informational only and does not constitute financial, tax or legal advice. Figures are for the 2025/26 UK tax year. See our methodology and sources.