Fun with premium bond odds

With the National Lottery your chance of bagging the jackpot is a decidedly rosy one in 14 million per pound per draw – with Premium Bonds it\’s an eye-popping one-in-40 billion.

Of course, though, with premium bonds you don\’t lose your capital. So for a fair comparison, put £2,900 in premium bonds and your jackpot odds are 1 in 14 million. Instead, put the same in a top savings account and you\’d earn £5 interest after a month – enough to buy 5 lottery tickets each with a 1 in 14 million chance.

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