Editing Premium Bonds (section)

===Prize fund distribution===
The prize fund is equal to one month's interest on all bonds eligible for the draw. The annual interest is set by NS&I and was 1.40% {{As of|2017|12|lc=on}}, reducing to 1.00% {{As of|2020|12|lc=on}}. This was increased to 2.2%, {{As of|2022|10|lc=on}} then increased again to 3% {{As of|2023|01|lc=on}} and is now at 4% from January 2025.<ref>{{cite web|url= https://nsandi-corporate.com/news-research/news/nsi-increases-interest-rates-0 |title=NS&I increases interest rates |date=25 October 2022 |publisher=Nsandi.com |access-date=25 October 2022}}</ref> The following table lists the distribution of prizes on offer in the January 2025 draw.<ref>{{cite web|url=https://www.nsandi.com/prize-checker?tab=prize-draw-details&panel=tab2 |title=NS&I Premium Bond prize draw details |publisher=Nsandi.com |access-date=3 December 2017}}</ref>

{| class="wikitable"
! Prize band
! Prize value
! width=110pt|Estimated number of prizes each month
! width=130pt|Odds of winning exactly this amount with a £1 bond
! width=130pt|Odds of winning at least this amount with a £1 bond
|-
| rowspan="6" | '''Higher value'''<br /><small>10% of the prize fund</small>
| £1,000,000
|style="text-align:right"| 2
| 1 in 64.36 billion
| 1 in 64.36 billion 
|-
| £100,000
|style="text-align:right"| 82
| 1 in 1.57 billion
| 1 in 1.53 billion 
|-
| £50,000
|style="text-align:right"| 163
| 1 in 789,737,809
| 1 in 521,163,007
|-
| £25,000
|style="text-align:right"| 328
| 1 in 392,461,168
| 1 in 223,873,500
|-
| £10,000
|style="text-align:right"| 818
| 1 in 157,368,293
| 1 in  92,410,095
|-
| £5,000
|style="text-align:right"| 1,636
| 1 in 78,684,147
| 1 in 42,498,271
|-
| rowspan="2" | '''Medium value'''<br /><small>10% of the prize fund</small>
| £1,000
|style="text-align:right"| 17,163
| 1 in 7,500,278
| 1 in 6,375,162
|-
| £500
|style="text-align:right"| 51,489
| 1 in 2,500,093
| 1 in 1,795,835
|-
| rowspan="3" | '''Low value'''<br /><small>80% of the prize fund</small>
| £100
|style="text-align:right"| 1,987,844
| 1 in 64,757
| 1 in 62,503
|-
| £50
|style="text-align:right"| 1,987,844
| 1 in 64,758
| 1 in 31,805
|-
| £25
|style="text-align:right"| 1,803,871
| 1 in 71,364
| 1 in 22,000
|-
| '''Total value'''<br />(January 2025)
| £429,090,875
|style="text-align:right"| 5,851,240
|}