As the leaves fall and the weather starts to turn, two savers have started autumn in the best possible way, after scooping £1million each by winning the October Premium Bond jackpots
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Two lucky people have just scooped the £1million jackpot in October’s Premium Bonds prize draw – but they’re not the only big winners this month.
The first jackpot went to a man from Kent, picking up a cool £1million prize with Bond 298BE137181.
He bought the winning bond the winning Bond in March 2017 and has the maximum £50,000 invested in Premium Bonds.
September’s second million-pound prize went to a woman from Humberside. Her winning Bond (222AT412192) was bought in June 2014 – she’s the 3rd person from Humberside to win the top prize.
Since the first draw in June 1957, ERNIE has drawn 499 million prizes with a total value of £21.1 billion – but how they arrive has been changing over the years.
NS&I retail director Jill Waters said: “We will be phasing out the use of prize warrants from the December 2020 Premium Bonds draw.
« While we understand that there is a real affection for prizes being received by post, paying prizes directly to customers bank accounts means that winners can receive prizes quicker, easier and more securely.
« We will continue to notify of prize wins but this will be by email or text message, or winners can chose to be notified by an Alexa enabled device.“Part of the enduring magic of Premium Bonds is the thrill of finding out that you’ve won a prize, and this is something that will not change, as I’m sure our this month’s lucky jackpot winners in Kent and Humberside will to testify to.
Customers can check to see if they have won on the nsandi.com prize checker and prize checker app from Friday 2 October 2020, they can also ask Alexa.
Those who have chosen to have prizes paid to their bank account, or have their prizes reinvested, will be informed whether they have won by email or text message and can check the online prize checker at nsandi.com or the NS&I prize checker app to see the value of their prize.
National Savings and Investments, which runs Premium Bonds, revealed there are now more than £64million worth of prizes unclaimed from Premium Bonds waiting for people to bank.
You can find out if any of your Premium Bonds are winners by downloading the prize checker app from the App Store or Google Play, or visit the prize checker at nsandi.com.
At the moment the odds of a bond winning each month are 24,500 to 1, and the vast majority of the prizes are for £25. That works out as a 1.4% prize fund rate.
Customers can choose to have their prizes paid straight into their bank account, or to have them automatically reinvested into new Premium Bonds account, if their total holding is below the maximum threshold of £50,000.
A Premium Bond may appeal to those who like a the excitement of waiting to find out if they’ve won, but if you’re a slow and steady saver, there are more reliable ways to grow your money.
Here’s our guide to growing your cash by finding better savings rates, whether that’s through a traditional ISA or peer-to-peer lending.
We’ve also got tips on how to find the best cash ISA, and 3 ways to nab yourself better savings rates.
If you don’t mind a gamble, but like a bit more control, you could find a stocks and shares ISA rewarding – find out more here.
Actu monde – GB – October’s big Premium Bond winners named – including two new millionaires