Martin Lewis details how Premium Bonds odds work for savers
Premium Bonds are purchased by Britons in the hopes of winning a sum of money each month from the secure account. There is no interest earned for Premium Bonds, instead, the rate funds a monthly draw for tax-free prizes, which will create two millionaires each month. With the new year commencing, many people will be looking to get their finances in order and work towards earning more.
A perfect opportunity to do so has this month been presented to two lucky £1million winners, with NS&I releasing some details this morning.
NS&I has stated the prize fund this month stands at a staggering £83million paid out to those who hold Premium Bonds.
Over 2.9million prizes have also been issued this month, making it a very happy new year for those lucky enough to win a prize.
However, there are also important details to look out for, for those who wish to check if they have been fortunate enough to win £1million to kick off 2021.
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While the two millionaires remain anonymous, NS&I has unveiled some vital details.
The government-backed savings institution has revealed the two millionaires come from West Scotland and Barnet.
Both winners are women but purchased their winning Bonds at vastly different times.
The first millionaire, a woman from West Scotland, has the winning Bond number of 330VT557685.
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The Bond value in question is £49,900, and was purchased in May 2018, with the lucky winner holding the maximum investment of £50,000 in total.
The second lucky winner in January 2021, is a woman from Barnet with the Bond number 135RY390643.
Her Bond value was worth £5,000 and purchased back in January 2008 – with a total holding of £20,000.
However, for those who did not clinch the £1million prize this time around, there are plenty of other high-value prizes at stake.
This month, NS&I has stated four people have won £100,000 – hailing from South Scotland, West Sussex, Essex and Avon respectively.
And with the earliest Bond purchased 19 years ago in 2002, it may be well worthwhile for Britons to check their holdings.
In addition, the lucky winner of £100,000 from Essex won on the minimum Bond value of £25 – meaning the prize is likely to be a welcome surprise.
Some 10 people this month secured a £50,000 win, and 17 people won a £25,000 prize from NS&I.
While some details about the January 2021 prize winners have been unveiled on the NS&I website, there is still some time to wait.
Britons will have to hold their breath until tomorrow to check to see if they have won via the NS&I prize checker.
NS&I has said from Tuesday, January 5, 2021, its useful tool will be updated to help people see if they have won a prize.
Bondholders can check to see if they have won using the online prize checker, the prize checker app, or using their Alexa device.
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