Skip to main content

Premium Bonds

Volume 453: debated on Monday 20 November 2006

To ask the Chancellor of the Exchequer what the average length of time was that a premium bond had been held on winning a prize of £5,000 or more in each of the last 10 years. (100476)

For those premium bonds where the purchase date is known, the average lengths of time that a Premium Bond had been held on winning a prize of £5,000 or more in each of the last 10 years is set out in the following table:

Average age of Premium Bond on winning £5,000 or more (years)

December 2005 to November 2006

3.7

As at December each year:

2004-05

3.7

2003-04

3.4

2002-03

3.7

2001-02

3.5

2000-01

3.4

1999-2000

3.2

1998-99

2.9

1997-98

2.9

1996-97

2.7

To ask the Chancellor of the Exchequer what the (a) longest, (b) shortest and (c) average length of time was that a premium bond had been held on winning a prize of £100,000 or more in each of the last 10 years. (100477)

For those premium bonds where the purchase date is known, the longest, shortest and average period of time that a Premium Bond had been held on winning a prize of £100,000 or more in each of the last 10 years is set out in the following table:

in yearsin months

As at December to November:

(a) longest

(c) average

(b) shortest

2005-06

21

3.6

1

2004-05

18

2.6

1

2003-04

12

3.1

1

2002-03

21

3.6

1

2001-02

15

3.4

1

2000-01

30

2.9

1

1999-2000

16

3.2

2

1998-99

17

2.4

4

1997-98

16

3.2

2

1996-97

17

3.7

2