Premium Bonds saver scoops £50,000 prize with a £10 bond bought in 1990!
The champion from Essex acquired a bond while Kylie was singing "Better the Devil You Know." Did you strike it rich? Utilize our tool to verify if you have Premium Bonds.
Time stamp revised: 02:03 PM Greenwich Mean Time, first day of February in the year 2024.
In this month's prize draw, an individual who holds Premium Bonds has made a return of 499,900% on their investment by turning £10 into a staggering £50,000.
The person from Essex who won bought a £10 bond in June 1990, and they haven't put any more money into their National Savings and Investments account. They are the winner.
During that period, Kylie Minogue was in control of the music charts with her hit single Better The Devil You Know, while Julia Roberts was the leading actress of the blockbuster romantic film Pretty Woman.
There were also two fortunate people who bought Premium Bonds this month in the year 2023 and won.
Take a look at the successful February 2024 bonds listed below.
A person who saved money with Premium Bonds was able to earn a large sum of money by purchasing a £10 bond in June of 1990. This was around the time when Kylie Minogue was a popular music artist in the United Kingdom and had released the hit song "Better The Devil You Know".
A person who owns Premium Bonds and lives in Cambridgeshire won a prize of £100,000. They had purchased £2,500 worth of bonds in August 2023.
A person who lives in Brighton and Hove became a winner and received a prize of £100,000 from buying a bond worth £5,795 in February 2023.
Premium Bond holders from Dorset and the London borough of Wandsworth had the good fortune of winning the highly sought-after jackpot prizes, which amount to a whopping £1 million.
The lucky winner in Dorset has won a whopping £28,501 through a winning bond that was purchased back in March of 2008. Meanwhile, the winner in Wandsworth has hit the jackpot with a total of £10,400 in bonds, which they had bought back in May of 2021.
Additional champions for February 2024
In this particular lottery, the basic reward percentage for Premium Bonds was 4.65 percent, while the likelihood of being bestowed a prize was 21,000 to 1.
However, the amount of money given as a prize will decrease to 4.4 percent and will become effective in the upcoming draw next month.
According to NS&I, the reduction is necessary to maintain a balance between the well-being of their savers, taxpayers, and the overall stability of the financial industry.
Savers who invest in Premium Bonds will not experience a decrease in their chances of winning, as the odds will remain at 21,000 to 1.
The method involves decreasing the value of large rewards (except for the two £1 million prizes) and increasing the number of £25 rewards.
As an illustration, they predict that in March, there will be a total of 85 prizes worth £100,000, which is a decrease from the 91 that were given in January. However, there will be 1,425,338 prizes worth £25 in March, which marks a significant increase of 37.3% from January's 1,037,784.
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