Overview
- NS&I’s April draw paid 5,951,866 tax-free prizes worth about £376.5 million, including two £1 million winners from Hampshire and Isle of Wight and from Surrey.
- From this month, the prize fund rate is 3.3% and the odds for each £1 bond are 23,000 to 1, which NS&I says aligns returns with its duty to savers and taxpayers.
- Financial advisers say many savers chasing steady growth may be better off in fixed-rate or high-interest accounts that guarantee returns.
- Quilter reports first-time winners typically waited around 3.1 years and that 2025 prize winners held about £39,500 on average, showing how large balances boost the chance of a payout.
- Regional results included a £100,000 win in Lancashire from a bond bought in March 2021, underscoring how wins are unpredictable even for long-held bonds.