{"id":1244,"date":"2015-08-26T11:01:36","date_gmt":"2015-08-26T11:01:36","guid":{"rendered":"http:\/\/asadkarim.co.uk\/?p=1244"},"modified":"2015-08-26T11:01:36","modified_gmt":"2015-08-26T11:01:36","slug":"the-value-of-premium-bonds","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=1244","title":{"rendered":"The &#8220;Value &#8221; of Premium Bonds"},"content":{"rendered":"<p>The\u00a0HM Treasury backs National Savings and Investments<\/p>\n<p><a href=\"http:\/\/www.nsandi.com\" target=\"_blank\">www.nsandi.com<\/a><\/p>\n<p>Premium Bonds are the flagship product that offers the opportunity to win from <strong>\u00a325<\/strong> to <strong>\u00a31,000,000<\/strong> each month.<\/p>\n<p>No interest is paid on the bonds held, instead the holders are offered the chance to win a &#8220;cut of the interest pot&#8221; and that pot is divided into prizes.<\/p>\n<p>The Odds of winning are 26,000 to 1. (=<strong>1\/26,000<\/strong>)<\/p>\n<p>The number of prizes that are on offer: Sept 2015 are <strong>2,131,445<\/strong><\/p>\n<p>With these two figures supplied by National Savings and Investments, one can calculate the total cash invested in Premium Bonds:-<\/p>\n<p>Total Number of Prizes = (Total number of eligible bonds) \/ (odds for the draw)<\/p>\n<p>Thus:<\/p>\n<p>Total Number of eligible Bonds =\u00a0 (Total Number of Prizes)\u00a0 \/ (odds for the draw)<\/p>\n<p>Thus total number of eligible bonds = (2,131,455) \/ (1\/26,000)<\/p>\n<p>= <strong>\u00a355,157,570,000<\/strong><\/p>\n<p>That is <strong>\u00a355 billion<\/strong>. Yes, \u00a355 Billion invested by UK savers in Premium Bonds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0HM Treasury backs National Savings and Investments www.nsandi.com Premium Bonds are the flagship product that offers the opportunity to win from \u00a325 to \u00a31,000,000 each month. No interest is paid on the bonds held, instead the holders are offered the chance to win a &#8220;cut of the interest pot&#8221; and that pot is divided into [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1244","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1244"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1244\/revisions"}],"predecessor-version":[{"id":1246,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1244\/revisions\/1246"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}