This month marks 66 years since the first Premium Bonds prize draw, on 1 June 1957. The stat wizard: Dr Michael Dunne-Willows, a statistician and ambassador for the Royal Statistical Society thas crunched the odds on Premium Bonds. How likely IS a £1million win on Premium Bonds? That means that every Premium Bonds holder can hope for a 3.3 per cent average annual return. The Premium Bonds prize fund rate is a mean average, reflecting the total amount paid out in prizes to everyone compared to the amount held across all bonds.

Source: Daily Mail June 12, 2023 11:13 UTC