Tuesday, November 5, 2024

Two Premium Bonds holders scoop £100k prizes on their first draw and with holdings under £700…

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Two Premium Bonds holders bagged £100,000 prizes with bonds bought in July, latest NS&I draw results show.

It means they scooped six-figure sums in the first draw the bonds were eligible –  we’ve previously looked into why you should buy the much-loved NS&I product towards the end of the month

What’s more, one of the winners from Birmingham has a total holding of just £525 and the other, from Surrey, £700.

The £100,000 prize is the second biggest prize in the draw after the coveted £1million jackpot and there were 88 six-figure prizes in this month’s prize draw.

Luck of the draw: Two Premium Bonds holders have won £100,000 prizes on their bond’s first draw with holdings of less than £1,000

Andrew Westhead, NS&I retail director, said: ‘I’d like to extend special congratulations to the high value prize winner who bagged a £100,000 win with a modest investment of £525.’

Premium Bonds are the nation’s favourite saving product and have around 22million holders. See all of this month’s Premium Bonds prize winners.

Two Premium Bonds holders pocket £1million and other prizes range from £25 to £100,000.

The two jackpot winners in September’s draw were won by a saver based in West Sussex and another in Manchester.

The Manchester winner bought their winning bonds in February 2024 and has a total holding of £21,700. 

The West Sussex £1million prize winner has a total holding of £18,101 and purchased their winning bonds in April 2020.

The average Premium Bonds customer has £5,250 invested according to NS&I.

Earlier this summer, we anaysed the past 50 Premium Bond draws stretching back to May 2020 when the NS&I pandemic boom took hold.

Of 1,639 £100,000 prizes analysed, the average holding of winners was £38,745, showing just how lucky the two £100,000 prize winners were. 

Currently, the underlying rate – or the average prize payout per year – on Premium Bonds is 4.4 per cent with the odds of any £1 bond winning a prize sitting at 21,000 to 1.

In September’s prize draw, there were more than 5.9million prizes resulting in a total payout of over £459million.

Premium Bonds Winners

Prize Area Value of bond
£1,000,000 West Sussex £18,101
£1,000,000 Manchester £10,000
£100,000 Kent £5,000
£100,000 Stockport £38,000
£100,000 Oxfordshire £700
£100,000 Wiltshire £24,000
£100,000 West Sussex £4,000
£100,000 Devon £1,000

More September 2024 winners

View list of September 2024 winners

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