Premium bonds can pay out hugely substantial rewards to bond holders and every month two people in the UK are made millionaires. The prize winners for May have been announced and bond holders can check if they’ve been lucky enough to win online today.
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To check on this, customers will need their premium bonds holder’s numbers to login to the website and/or app.
Customers who have chosen to have their prizes paid to their bank account, or have their winnings reinvested, will be informed whether they have won by email or text message on top of being able to check themselves.
NS&I have revealed that this month’s winners come from inner London and Gloucestershire.
The first winner of May is a man from London whose winning number is 344ZE146007 and hw has the maximum premium bonds holding of £50,000.
This winner is the fifth jackpot winner from the capital and the winning bond was purchased in November 2018.
The second winner is a woman from Gloucestershire who purchased the winning bond in August 2019.
The winning bond number is 366AP817645 and it is part of a holding valued at £34,000.
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It should be remembered that the prices of a million pounds are not the only awards paid out.
Premium bonds pay multiple prizes which can range from £25 to £100,000.
For the May prize draw, more than 3.5 million prizes worth over £100million will be paid out.
Of these prizes, over 100 of them will be worth £10,000 or more.
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NS&I has had to make some changes to it’s operations in light of coronavirus.
The annual premium bonds prize fund interest rate is 1.40 percent but this was meant to change.
NS&I previously revealed that they were planning to lower this rate to 1.3 percent from May 1.
However, this change was cancelled as part of the organisation’s decision to support savers during the coronavirus pandemic.
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Premium bonds aren’t the only offering the NS&I provide, they also have multiple savings accounts available for customers.
On top of their premium bonds, the organisation also offer investment themed bonds, various ISAs and savings accounts.
Over the years however the company has also stopped offering a number of pension/retirement themed options such as the 65+ guaranteed growth bonds account and pensioners guaranteed income bonds.
As they have so many accounts to offer they’re likely to receive a lot of queries, however, they have warned that they are receiving more calls than usual at the moment due to coronavirus.
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