National Savings and Investments
 


Then and now: 1957 - 2007


 

1st June 1957

1st June 2007

Top prize

£1,000

£1 million

Total value of prizes

£969,750

£118, 058,850

Number of prizes

23,142

1,494,415

Number of bond holders

6 million

23.7 million

Number of bonds in the draw

£49 million  £35.4 billion 

Odds of winning a prize

2,095 -1

24,000-1

Prize fund rate

4.0% tax-free

3.95% tax-free

Maximum investment

£500

£30,000

Minimum investment

£1

£100

Machine

ERNIE 1

ERNIE 4

Machine size/speed

1.5 tonnes,

2,000 numbers per hour

10kg

1 million numbers per hour

Time taken for draw if ERNIE 1 still running today

29 hours (first draw)

77 days

Ways to buy

Post Office®, Post

On-line, telephone, Post Office®, Post

Time before entered into draw

Six months

One month

Location

Lytham St. Annes

Blackpool

Average male weekly wage

£12.58

£526.00

Average female weekly wage

£6.49

£320.00

Pint of beer

£0.07

£2.65

Average house

£2,021

£176,000

Austin Healey Sprite (1957),/ Ford KA (2007)

£669

£7,095

 

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