THE TELEGRAPH: The chance of winning a prize on Premium Bonds is at the lowest ever level, figures show.
More than 20 million people have the tax-free, Government-backed bonds which do not pay interest, but offer savers a potential share of a monthly prize draw.
However, the odds of winning have plummeted as interest rates have dropped. In April 2008, there was a one in 18 chance of winning anything over a year, compared to just one in 30 people today.
Even worse, the minimum win has been cut from £50 to just £25 today, while the odds of winning £50 or more are just one in 574. Chance of Winning on Premium Bonds at Lowest Ever >>> By Myra Butterworth, Personal Finance Correspondent | Wednesday, April 1, 2009
