answersLogoWhite

0


Best Answer

In recent history, the highest amount that someone has won from the National Premium Bonds is one million pounds. This amount has been won twice in the time period from 2005 to 2009.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

7y ago

There are two one million prizes issued each month. This is apart from the many smaller prizes issued each month.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the biggest monthly prize that holders of premium bonds can win?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Who was the person that introduced premium bonds?

Premium bonds were introduced by the Chancellor of the Exchequer, Harold Macmillan, in the United Kingdom in 1956. Premium bonds are a form of government savings bond where instead of earning interest, holders are entered into a monthly prize draw.


What services do NSandI premium bonds provide?

The NS&I Premium Bonds is a lottery bond issued by the United Kingdom. Premium Bonds was introduced by Harold Macmillan in the year 1956 and provides instead of paying the interest to a bond, it pays with a prize fund from which a monthly lottery distributes tax-free prices.


What is a one pound premium bond from 1971 worth today?

Premium bonds pay no interest so a £1.00 premium bond is worth £1.00. However, in liew of interest, each bond enters you into a monthly lottery draw , so the account holder may have won some money. if you know the holders number it is relatively easy to check, otherwise you have to contact NS&I and jump through hoops.


Where can one check Premium Bonds online?

Premium Bonds are lottery bonds issued in the United Kingdom where the bondholders are paid dividends via a random, monthly drawing. Recent winners of the Premium Bond Lottery appear on the National Savings and Investment Agency's website and past winners can be found on The London Gazette's website by searching for the keyword "unclaimed prizes".


What separates premium bonds from other types of bonds?

There are many things that separate premium bonds from regular bonds. Premium bonds, unlike regular bonds, are any bonds that are already trading at a price above par.


Should bonds issued at a premium always have?

Bonds issued at a premium always have


XYZ Corp sells its bonds at a premium and applies the effective interest method in amortizing the premium.Do you think the annual interest expense will increase or decrease over the life of the bonds?

It really depends on how much is the premium paid. Effectively if the premium paid is higher than the par value of the bonds issued, the annual interest expense would be relatively lower. Another perspective is that since that both the bonds and its premium uses effective interest method, considering all factors remain the same, the annual interest expense will remain unchanged. Premium of the bond should be captialized within the holders of the bonds and amortized over the years in which the manner best represents. Issuer of the bonds generally do not captialize the premium of the bond separately. You should also note that the bonds issued are not compound financial instruments or contain any embedded derivates.


What are some benefits of buying premium bonds?

Premium bonds offer higher interest rates than bonds sold at par. However, there is a premium cost that one must pay. Don't let that deter you, as the extra interest should more than pay the premium when the bond reaches maturity. The other benefit of Premium bonds is that they are less volatile than par bonds.


Bonds sold above face value?

Bonds sold above face value are referred to as premium bonds. This occurs when a bond's market price exceeds its face, or par, value. The primary reason a bond sells at a premium is that its coupon rate (the interest rate it pays) is higher than the prevailing market interest rates for similar bonds. Investors are willing to pay more for these bonds because they offer higher returns relative to current market conditions. For example, if a bond has a face value of $1,000 and pays a coupon rate of 5%, but market interest rates drop to 3%, the bond becomes more attractive. Investors seeking higher yields are willing to pay more than $1,000 to acquire it, resulting in a premium price. Premium bonds(888.951.8680) can also result from the issuer's strong creditworthiness or increased demand for specific bonds. While they offer higher coupon payments, investors need to consider the bond's yield to maturity (YTM), which accounts for the premium paid. YTM reflects the actual return, including the gradual loss of the premium as the bond approaches maturity, when it is redeemed at face value. Investors must assess whether the higher coupon payments justify the premium cost, considering factors like interest rate trends, bond duration, and reinvestment risk.


What is the difference between Premium Bond holdings and value?

If you are referring to the high value premium bond winners table on the NS&I website, the Holding is the total amount of premium bonds held and the Bond Value is the block of premium bonds the winning number fell in, eg Holding £30,000, Block Value £1000 means that the winner holds 30,000 premium bonds and the winning number fell within a block of 1000 consecutively numbered bonds.


What holds value in a currency devaluation?

Premium Bonds


Who sells and manages premium bonds?

hm treasury