Most of the 23million savers who own Premium Bonds bought them to be in with a chance of winning the £1million jackpot – but also with the reassuring prospect that they’ll profit from the bountiful smaller prizes handed out each month.
But shockingly, almost two in three savers who have put money into the savings product run by Treasury-backed National Savings and Investments will never win a prize.
Some 14.3million – or 62 per cent – of Premium Bond holders have never won a prize, a Freedom of Information (FoI) request by investment platform AJ Bell has found.
It found that the average
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