When are the Premium Bonds winners for September 2023 announced? Date you can check if you won the NS&I draw

Premium Bonds are widely known and utilized in the UK as a common means of saving. They can be an enjoyable choice, but it's important to understand that they do not guarantee a steady income.

National Savings and Investment (NS&I), a governmental savings bank, presents an investment opportunity in its distinctive structure.

Instead of receiving the usual predictable returns on their funds, bond owners have the opportunity to participate in a monthly fortunate drawing, where tax-exempt rewards ranging from £25 to £1 million are up for grabs.

This year, the rate of the prize fund has seen a substantial increase, aligning with the escalating interest rates in the UK. As a result, the upcoming draw will witness the highest prize fund rate in nearly 25 years.

When Are The September 2023 Premium Bonds Winners Announced?

Normally, individuals who own Premium Bonds can typically access the outcomes of the most recent draw starting from the second day of each month.

The champions are designated one day in advance, typically on the initial day of the month. NS&I reveals the information about the top rewards (awarded to individuals who secured more than £5,000) at the stroke of midnight.

This varies when the month begins on a weekend or a public holiday, as the prize draw will be rescheduled for the following business days. However, this does not apply to September.

The upcoming Premium Bonds results will be announced on Friday 1 September. Afterwards, bond holders can verify if they have emerged as winners starting from Saturday 2 September.

Here are the upcoming prize draw dates for Premium Bonds in 2023 - as a bondholder, you can conveniently view the results the day following the announcement of the winning numbers.

How To Find Out If I Won Premium Bonds

If you have Premium Bonds and would like to verify if you have won a prize in the most recent monthly draw, you can utilize the NS&I online prize checker provided.

In another option, you have the choice to get the app for free from iOS or Android. Additionally, Amazon Alexa devices can assist you by checking and recalling the outcomes of the previous six prize draws.

In order to verify your Bonds, you will require your distinct holder's identification, which can be located on your bond documentation or by accessing your profile on the NS&I webpage. It will consist of either nine or 10 numerical characters, or an eight-digit figure with an appended letter.

There is no expiration date for claiming prizes, allowing you to redeem winnings from the original lottery draw in 1957 and beyond.

As per the findings from MoneySavingExpert, as of November 2021, an excess of two million unclaimed prizes for Premium Bonds were discovered, totaling approximately £75 million in value.

In order to minimize the risk of not claiming prizes, individuals who hold Premium Bonds have the choice to either receive the payments directly into their bank account or reinvest them automatically in additional Bonds.

According to NS&I, nearly 90% of awards are currently distributed in this manner, and additional information can be obtained at this location.

What Are My Chances Of Winning Premium Bonds?

In the beginning of this year, the rate of return on its prize fund increased from 2.2 percent to 3 percent, and then went up even more to 3.3 percent.

In July, there was another increase, reaching 3.7 percent, and then rose once more to 4 percent prior to the August lottery.

NS&I is once again increasing the prize fund rate for September, with a substantial rise to 4.65 percent – the largest since March 1999.

This implies that the likelihood of a single bond winning will also increase, going from 24,000/1 in July to 21,000/1 – the highest level since the draw in April 2008.

The shift in probabilities will result in approximately £66 million being added to the prize pool in the upcoming month, potentially reaching a grand total of more than £470 million.

According to NS&I, there are expected to be a whopping 5,785,904 prizes available starting in September. This is a significant boost of over 269,000 prizes in comparison to August 2023.

In the upcoming draw next month, there will continue to be two lucky individuals who will walk away with a whopping £1 million each. However, it is anticipated that the number of individuals winning a substantial prize of £100,000 will increase from 77 to 90.

It is predicted that the quantity of individuals claiming the third-highest reward of £50,000 will rise from 154 to 181. Furthermore, around 360 individuals are anticipated to be victorious in obtaining £25,000, in contrast to the 307 winners in the previous month of August.

The CEO of NS&I, Dax Harkins, expressed that we are aiding individuals who save in various areas across the nation through these forthcoming hikes.

Premium Bonds are extremely popular savings products in our country, and by raising the prize fund rate to the highest it has been since 1999 and enhancing the odds, we are granting more individuals the opportunity to be winners and receive prizes on a monthly basis.

Buying Premium Bonds

You have the option to purchase Premium bonds either for yourself or for a child under 16 on the internet at this location, or you can contact NS&I via their toll-free number 08085 007 007, available between 7.00 am and 10.00 pm every day. Before proceeding, ensure that you have your debit card information readily available.

If you prefer, you have the option to submit your application via mail to NS&I, located at Sunderland SR43 2SB. To do so, you can obtain and print out the application form from this link.

Every Bond costs £1, however, you're required to invest a minimum of £25. The highest sum allowable for holding in Premium Bonds is £50,000.

If you're uncertain about whether you might possess Premium Bonds, but there's a possibility, you can utilize the tracking service offered on the NS&I website.

In order to ascertain whether you possess any bonds, you must complete a form containing your personal information and dispatch it. If indeed you possess Premium Bonds, you will receive communication.