Figures present the typical holding for prize winners in 2025 was near £40,000.
Quilter says figures present first time Premium Bonds winners needed to wait on common 3.1 years (Picture: Getty)
Premium Bonds savers are being warned it may well take greater than three years to win their first prize. The Authorities-backed financial savings product from Nationwide Financial savings and Investments (NS&I) affords £1 bonds that are entered right into a month-to-month prize draw to win tax-free prizes starting from £25 to £1million.
Figures obtained by wealth supervisor Quilter by way of a freedom of data request present first time winners had waited on common 3.1 years earlier than receiving their first prize in 2025. Ian Futcher, monetary adviser at Quilter, mentioned individuals are placing an “inordinate quantity” of cash into Premium Bonds after they would maybe be higher off parking their money elsewhere.
He mentioned: “Final 12 months’s first-time winners needed to wait over three years on common earlier than they acquired that prize, whereas the typical holding for prize winners in 2025 stands near a staggering £40,000.
“In that point, and supplied their monetary scenario permits, vital positive aspects might be made by investing and affords a a lot better potential to develop wealth than Premium Bonds can.”
Quilter mentioned the information it obtained additionally confirmed one in three (29%) Premium Bond holders who gained their first prize final 12 months needed to wait greater than two years.
For all those that gained a prize final 12 months, the typical holding was £39,500.
The wealth administration firm mentioned this highlighted the sheer sum of money wanted to offer bondholders the most effective likelihood potential to win a prize.
Underneath the foundations, you’ll be able to maintain no extra that £50,000 in Premium Bonds.
Those that gained the minimal quantity of £25 final 12 months had a mean holding of £39,817, in response to Quilter.
It mentioned prize winners who pocketed £25,000 had the most important common holding of over £40,000 whereas the £1m jackpot prize noticed the bottom common holding, which nonetheless stood at £37,135.
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NS&I affords a spread of financial savings and investments to greater than 24 million clients, together with greater than 22 million Premium Bonds holders.
The Premium Bond prize fee can be reduce from 3.6% to three.3% from April. That is simply above inflation, which on the time of writing stands at 3%.
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