Premium Bonds saver disappointed as they win nothing in 55 years - NS&I responds
Each £1 Bond has an equal chance of winning in the monthly prize draw.
A longtime Premium Bonds saver has voiced their frustration as they have won no prizes in 55 years.
The Premium Bonds customer contacted NS&I over X to say: "55 years and zero return, these stats say it all, it will need more than luck, very poor."
The group responded to encourage them to stay patient as they could eventually win a big prize.
A representative said: "I understand how you feel, but don't lose hope, it only takes one lucky Bond to win the £1million.
"Did you know, that just this month a lucky customer won a £50,000 prize with just a holding of £125?"
Each £1 Bond has an equal chance of being selected for a prize in the monthly prize draw, which includes two jackpot prizes for £1million.
A person can win several prizes in a single draw, with other large cash prizes of £100,000 and £50,000.
A saver can increase their chances of winning by purchasing more Bonds, up to the holding limit of £50,000.
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Caluclations from Martin Lewis' MoneySavingExpert suggest a person needs at least £10,000 invested to have good odds of taking home anything, with the prize fund rate currently at 4.4 percent.
Chris Demetriou, co-founder of Archimedia Accounts, told Express.co.uk previously: "Premium Bonds are a cultural treasure for millions, but there's no denying that pure statistical probability overwhelmingly favours those able to dump £50,000 into the draws over persons of more modest means.
"At the same time though, who among us hasn't daydreamed about what we'd do if our own Bond number got plucked from the millions?
"Their blend of structure savings with a dash of chance has undeniably captivated the British public.
"It's undeniable that those who can invest tens of thousands of pounds have a statistically much higher chance of winning compared to someone putting in a few hundred here and there."
The finance expert put forward some ideas for how the prize draw system could be made fairer.
He explained: "Some ideas I've thought could help are capping the maximum number of Bonds held to limit very high chances of winning, combining that with a tiered prize structure, and possibly rewarding longer-term investors with a small return guarantee.
"Spreading out smaller but more frequent wins across modest and significant bondholders alike also seems a sensible adjustment."
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ading out smaller but more frequent wins across modest and significant bondholders alike also seems a sensible adjustment.