Half of top Premium Bonds prizes won by those with maximum £50,000 holding

50% of the top prizes, which includes £100,000 and £1 million, were claimed by individuals who had a maximum holding of £50,000. To check out all the winners of premium bonds for this month, take a look at our list.

The blog post has been modified at 12:14 BST on October 2, 2023.

According to This is Money analysis, individuals with the highest holding amount of £50,000 won precisely 50% of the top prizes in the most recent Premium Bonds draw.

The October prize draw consisted of a total of 92 top prizes. Two of these were worth £1million each, while the remaining 90 were worth £100,000 each. Surprisingly, customers with £50,000 holdings won a whopping 46 of these top prizes.

The prizes that were won included two million pounds each. The first person who won the jackpot was from Greater Manchester and bought the winning bond in October 2016. The second jackpot winner was from West Scotland and purchased the winning bond in September 2009.

In the meantime, individuals who held the highest amount, which is the £50,000 limit that has been in place since June 2015, won 44 out of the 90 £100,000 prizes.

Out of the 92 highest payouts of £1 million and £100,000, 50% were received by clients of NS&I who had the largest amount invested.

Furthermore, the majority of the highest rewards (55 out of the top 92) were granted to winners holding £40,000 or more. This accounts for a percentage of 59.8 or almost three out of five of these particular prizes.

In the latest draw, there were 180 prizes worth £50,000 each. A total of 82 lucky customers who held the same amount won 45.6% of all the £50,000 prizes.

In the meantime, individuals with holdings of £40,000 or more were awarded 107 of the £50,000 prizes, which accounts for 59.4 percent of the total number of £50,000 winnings. This means that almost three out of five winners had holdings of £40,000 or more.

A recent occurrence has proven that patience can lead to great rewards. A bond that was bought in 1957, just one year after the introduction of the Premium Bonds prize, has triumphed with a win of £25,000 despite only costing £40 to obtain.

Two lucky individuals won £100,000 prizes despite having holdings of less than £1,000. This includes a person from Devon who invested £200 on a bond back in April 2015.

In the meantime, someone won a prize of £50,000 despite having a holding worth less than £1,000. The holding, which was purchased in November 1977, was only worth £150 and belonged to someone from Lancashire.

This month, NS&I has issued over 5 million awards valued at over £470 million, according to their announcement.

As of the recent September drawing, the prize money has increased by 4.65%. Additionally, the probability of winning has also improved from 22,000 to 1 to 21,000 to 1 – a level that has not been seen since the prize draw in April of 2008.

Discover the dates when the drawn number that brings you victory might happen during the years 2023 and 2024.

Additional victors for October of 2023

"Max £50k Holdings Win 50% Top Premium Bond Prizes"

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