Martin Lewis’ RespOONSE One Word to NS & I Premium Bonds “conspiracy theories” and a million pounds prize

“The conspiracy theories” theories of conspiracy refused, “I think it is something in mathematics.”

Martin Lewis explained exactly how the draw award from the NS & I Premium Bonds Awards and dealt with the reason that the winners who take home one million pounds are very rare.

In this way, this led to many “conspiracy theories” surrounding NS & I, but the financial teacher rejected it, saying: “I think it is something in mathematics.”

Excellent bonds NS & I is a savings product based on the lottery issued by the UK government, where bond holders are introduced instead of obtaining a monthly prize with an opportunity to win tax -exempt prizes ranging from 25 to one million pounds.

Read more: Martin Lewis BroadBand Warning, says “Sky does not tell you this”

At the end, Martin Lewis Podcast read from April 2, the hosting of Adrian Chiles was a listening question from Nigel who asked for answers about NS & I Premium Bonds.

He asked: “A few weeks ago, I asked in a post here if anyone knows anyone who won a prize of higher value on the distinguished bonds, guess, no one, do you not find this strange?

“I have my doubts about this clouds and I think someone should check the winners of high value are real people. To see a winner of bonds is from North Yorkshire, who can be sure whether this is true or not? Do we need to achieve?”

Martin replied, “No, forgive me, but I simply don’t think this is happening.”

“You will explode from these numbers. Do you know how many number Excellent bonds A prizes of one million pounds have won every month? two. So how many are presented per year? 24. There are 24 million pounds per year. How many Excellent bonds Do you think there is there?

“What is happening Excellent bonds Is each £ 1 bond placed in clouds like a ticket. So you may have 50,000 of them, but about the number of bonds 1 pounds.

“There are 120 billion Excellent bonds There, the largest savings. There are 24 million awards, there are 120 billion bonds. So if we do this in one month, you will receive one opportunity in every 60 billion to win a big prize.

“So no, I don’t think it is a conspiracy theory that I think is something in mathematics. There are a lot of conspiracy theories about it Excellent bonds. Do new bonds win more than old? no.

“Every bonds worth 1 pounds sterling have the same rate. The reason is that people believe that new bonds profit more than the old is that there are much new bonds than the old because you can now put 50,000 pounds. If you buy them 30 years ago, you put less.

“Do they win in certain areas of the country more or not? Yes, because certain areas of the country have more than others.

“It is a random thing, I don’t think we are especially deceived, I mean, I do not like the actual product that I think is really good for people who pay the tax on their savings and use them in all of Jesus allowance, they are higher or higher than taxpayers in prices and can place the full fifty.

“But I don’t think we are deceived in the sense that they do not pay prizes in reality, no.”