The average saver requires a lengthy lifespan if they hope to claim one of the top prizes
More than 22 million people have money in Premium Bonds, making it one of the nation’s favourite savings products.
But the figures show even those with thousands invested face waiting hundreds of years for a win, in theory.
Instead of paying out regular interest, Premium Bonds returns are paid in the form of tax-free prizes between £25 to £1m – with no bonds guaranteed to win.
The winners are chosen using a lottery-style system – with 2.4m savers selected at random each month.