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Interested in our Windfall Bond? Here are some more things we think you might want to know:

How does it work?
What are your chances?
How does it compare?
More information on the monthly prize draw

How does it work?

Each Windfall Bond you open needs an investment of £10,000, and you can have as many bonds as you like. Once open, the bond pays a rate of interest linked to the Bank of England Bank Rate now and into the future. After a brief qualifying period, each bond is entered into a free draw for the following monthly prizes:

  • 10 prizes of £1,000equivalent to five years' returns from an average savings account
  • Two prizes of £10,000enough to help with wedding costs, home improvements, or the family holiday of a lifetime
  • And one prize of £50,000enough for a deposit on a first home, or to reinvest elsewhere, such as your pension pot

Your chances

  • Every month each qualifying bond is allocated one of 10,000 unique tickets in the monthly draw.
  • In each draw 13 winning tickets are chosen at random.
  • Across 12 draws that means there are 156 winning tickets.

That puts your chances of winning at 64 to one over your first 12 monthly draws as a bond holder.

How does it compare?

Odds of 64 to one are over five times better than the odds of winning £1,000 or more in the course of a year if you invested the same amount in Premium Bonds.

And unlike Premium Bonds, the Windfall Bond pays interest, plus there's no limit to how many Windfall Bonds you can hold.

The Monthly Free Draw

The Windfall Bond Free Draw is made on the tenth working day of each calendar month. Bonds are eligible to be included in a draw for the first time in the second month after being opened (for example, a bond opened on 1st October is first eligible for a draw in early December). 

There are 10,000 tickets entered into each monthly draw and each eligible bond is allocated one unique ticket. Thirteen tickets are drawn at random in each monthly draw by an independent third party appointed by the Society. A prize is awarded for every bond allocated to a winning ticket. No prize is awarded for any of the thirteen tickets drawn that are not allocated to a bond.

We will notify winners of the Monthly Free Draw within 10 working days of the draw taking place. 

We reserve the right to change terms of the draw, the prizes available or end the Monthly Free Draw after giving seventy calendar days’ notice, or as per clause 23 in our Windfall Bond Monthly Free Draw Rules, which are also included in the Product Features leaflet.

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