Free · No sign-up required

The Complete Premium Bonds Toolkit

Calculator, live prize checker, portfolio tracker, comparison tools and a community of bond holders — everything in one place.

Prize Fund Rate
3.60%
Tax-free
Odds per £1 Bond
1 in 22,000
Per month
Max Investment
£50,000
Per person
Prize Range
£25 – £1M
All tax-free

Everything You Need for Premium Bonds

10 free tools covering calculations, tracking, analysis and community — no other site offers this range.

Most Popular
📊

Returns Calculator

Monte Carlo simulation showing realistic expected returns, median winnings and probability distributions for any investment amount.

Calculate returns
Unique Tool
🔍

Live NS&I Prize Checker

Check your Premium Bonds against actual NS&I draw results. See if your specific bond numbers have won — updated after every draw.

Check my bonds
⚖️

Premium Bonds vs Savings

Side-by-side comparison with savings accounts and ISAs, including real tax implications for basic, higher and additional rate taxpayers.

Compare now
🎰

Millionaire Odds Calculator

Calculate your real probability of winning the £1,000,000 jackpot based on your holding size and investment period.

See my odds
💼

Portfolio Optimizer

Find the optimal split between Premium Bonds and savings accounts based on your tax band and total savings amount.

Optimise portfolio
📈

Performance Tracker

Track your actual Premium Bonds winnings over time and calculate your true annualised return with XIRR methodology.

Track returns
🌱

Growth Projections

Project your future balance with regular monthly contributions, including reinvestment scenarios and time to reach the £50,000 cap.

Project growth
🎯

Detailed Statistics

Deep statistical breakdown with percentile distributions, confidence intervals, and probability tables for every prize tier.

View statistics
📜

Historical Data

Prize fund rate history from 1957 to today. See how Premium Bonds returns have changed over nearly 70 years.

Explore history

Get Draw Day Email Reminders

Get an email each month when Premium Bonds draw results are published, with prize breakdowns and jackpot winners.

We'll email you on draw day with results. Unsubscribe anytime. GDPR compliant.

The Midnight Club

A community of Premium Bonds holders discussing each monthly draw, sharing wins and comparing results. Join the conversation — it's free.

  • Dedicated thread for every monthly draw
  • Share and celebrate wins with fellow holders
  • Discuss strategy, odds and NS&I news
  • Free to join, no spam, moderated
Visit the Forum →

🌙 The Midnight Club

Live
JS
February 2026 Draw Thread

Results are in! Who's won this month? Share your prizes...

MK
January 2026 Draw Thread

New year, new draws. Checking my bonds at midnight as usual!

RT
December 2025 Draw Thread

Christmas bonus draw — fingers crossed for a big one 🤞

How Premium Bonds Work

A quick overview of the UK's most popular savings product.

1

Buy Bonds

Invest between £25 and £50,000 with NS&I. Each £1 becomes one bond with its own unique number. Your capital is 100% backed by HM Treasury.

2

ERNIE Draws Monthly

Every month, ERNIE generates random winning numbers. Each £1 bond has a 1 in 22,000 chance of winning a prize from £25 to £1 million — completely tax-free.

3

Check & Track

Use our live prize checker to see if you've won, track your returns with our performance tracker, and discuss results in the forum.

From the Blog

Guides, analysis and comparisons to help you make informed decisions about Premium Bonds.

View all articles →

About Premium Bonds

Premium Bonds are a savings product from NS&I (National Savings and Investments), backed by HM Treasury. Instead of paying guaranteed interest, your money enters a monthly prize draw where you could win between £25 and £1,000,000 — completely tax-free. Your capital is always safe and can be withdrawn at any time.

Minimum Investment
£25
Maximum Holding
£50,000 per person
Current Prize Fund Rate
3.60% (since August 2025)
Monthly Odds
1 in 22,000 per £1 bond
Tax Status
All prizes are 100% tax-free
Capital Protection
100% government-backed

How the Prize Draw Works

Each £1 bond you hold has a unique number entered into the monthly draw. ERNIE (Electronic Random Number Indicator Equipment) generates random numbers to select winners. The more bonds you hold, the better your chances — but there's no guarantee of winning. Our calculator uses Monte Carlo simulations to show you realistic probability distributions rather than misleading averages.

Expected Returns vs Savings Accounts

The median expected return for Premium Bonds is typically lower than the advertised prize fund rate. For example, with £10,000 invested, the median annual return is around 3.10% — not 3.60%. This is because large prizes skew the average upward. However, all winnings are tax-free, which makes Premium Bonds particularly attractive for higher and additional rate taxpayers. Use our comparison tool to see which option is better for your specific tax situation.

Why Use PB Prizes?

PB Prizes is the most comprehensive independent Premium Bonds resource available. We offer tools you won't find anywhere else — including a live NS&I prize checker, a performance tracker with XIRR calculations, a portfolio optimizer, and the Midnight Club community forum where holders discuss each monthly draw. All tools are free, require no sign-up, and your data never leaves your browser.