Premium Bonds - five £1 million jackpots in June 2007

We are celebrating 50 years of Premium Bonds by paying out extra jackpots in a second and final 50th anniversary prize draw in June. We are putting extra money into the prize fund to pay for three additional £1 million jackpots, on top of the two £1 million prizes that we normally pay out each month.

Estimate for anniversary prize draw in June 2007

		Prize band		Prize value		Estimated number of prizes
		Higher value 13% of prize fund		£1 million		5
				£100,000		19
				£50,000		38
				£25,000		76
				£10,000		191
				£5,000		380
		Medium value 10% of prize fund		£1,000		4,464
				£500		13,392
		Lower value 77% of prize fund		£100		249,237
				£50		1,220,341
		Total estimated value for June 2007		£111.6 million		1,488,143

Please see the terms and conditions for full details of how we distribute the prizes within each prize band.

To fund the extra jackpots, we are increasing the prize fund interest rate by 0.15% pa for the June 2007 draw. We will adjust the percentage shares of the prize fund allocated to each prize band to ensure that the overall distribution of prizes remains roughly as it would have been.

The overall number of prizes in the anniversary prize draws will roughly be the same as they would have been, depending on the underlying interest rate and odds at the time. The table above shows an estimate of the number of prizes of each value for the 50th anniversary prize draw in June, based on a prize fund interest rate of 3.75% pa (ie the current rate of 3.60% pa plus 0.15% pa to fund the extra three £1 million jackpots) and odds of 24,000 to 1. The prize fund interest rate and the odds of winning are both variable, so they may change from time to time.

Eligibility for anniversary prize draw

All Premium Bonds bought by 30 April 2007 and held until at least 1 June 2007 will qualify for June's anniversary prize draw.