Prize Bonds are a type of security that do not offer a fixed return. Instead, they are entered into prize draws held on a quarterly basis. These bonds are issued in series, with each series consisting of nearly 1 million bonds. The Prize Bond Scheme is a legitimate opportunity for people from the lower and middle income groups to become wealthy. Recently, the profit rates on various savings schemes like Defense Saving Schemes, Regular Income Certificates, Behbood Saving Certificates, Savings Accounts and Special Saving Certificates have been increased by a range of 8 to 50 basis points.