Are Premium Bonds worth it? Two-thirds of holders have never won a prize

More than 14 million Premium Bonds holders have never won despite increases in the number of prizes worth £50 and £100

Woman looks worried at phone as she sits on sofa.
Premium Bonds holders could win up to £1million in the prize draw each month but there's no guarantee of a prize.
(Image credit: Pekic via Getty Images)

Only a third of Premium Bonds holders have ever won anything from the scheme, with the vast majority never seeing a prize.

Just under 14.4 million current Premium Bonds holders, or almost two-thirds (63%), have never won, according to a Freedom of Information (FOI) request by Dodl, wealth manager AJ Bell’s investing app.

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Laura Miller

Laura Miller is an experienced financial and business journalist. Formerly on staff at the Daily Telegraph, her freelance work now appears in the money pages of all the national newspapers. She endeavours to make money issues easy to understand for everyone, and to do justice to the people who regularly trust her to tell their stories. She lives by the sea in Aberystwyth. You can find her tweeting @thatlaurawrites