How long does it take to win a Premium Bonds prize?

It could take much longer than you think to win something in the Premium Bonds prize draw

Pound growth over time
(Image credit: Getty Images)

Millions of Premium Bonds prizes are paid out each month, with payouts ranging from £25 to £1 million.

But with no guarantee of winning anything at all, savers could be waiting a long time to get a prize.

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Daniel is a digital journalist at Moneyweek and enjoys writing about personal finance, economics, and politics. He previously worked at The Economist in their Audience team.

Daniel studied History at Emmanuel College, Cambridge and specialised in the history of political thought. In his free time, he likes reading, listening to music, and cooking overambitious meals.