Two Premium Bonds savers scoop £100k prizes with £100 bonds
Two individuals saving with Premium Bonds have won £100,000 in winnings despite holding only £100 in bonds. One of the winners purchased their bonds back in March 1990 while the other acquired their bonds more recently in December 2023.
Last modified: 03:03 AM Pacific Standard Time, March 1st, 2024
In this month's prize draw, two people who owned Premium Bonds worth only £100 each have won a prize of £100,000.
One of the victorious individuals, residing in Leeds, acquired the triumphant bond during December of 2023. Consequently, they solely had to endure three months before their notable triumph.
Yet another victor, who is situated in the South West region of Wales, procured the victorious bonds during the month of March in the year of 1990, which was a grand total of 34 years ago. This just goes to show that patience is a virtue and good things can come to those who endure.
Fortunate: A couple of individuals who invested £100 in Premium Bonds have each received rewards worth £100,000.
This month's Premium Bonds prize draw resulted in 86 individuals winning a prize of £100,000. This sum of money is the second largest prize offered by the prize draw, with the only bigger sum being the £1million jackpot that many seek after.
The couple who won the jackpot prize of £1 million each, were from the regions of West Sussex and Hampshire. Both held a maximum amount of £50,000.
A Premium Bonds holder who only purchased £10 worth of them back in 1990 managed to win a whopping £50,000 prize in the latest monthly draw. This goes against popular beliefs that one can only win big with Premium Bonds if they have the highest amount invested.
Additional champions of March 2024
March's draw had more than 5.8 million rewards given away, which led to a full sum payout exceeding £451 million.
The current prize fund for Premium Bonds from this drawing is at 4.4 percent. In January, NS&I had declared that the prize fund will be reduced from 4.65 percent to 4.4 percent. The probability of winning a reward with any £1 bond number unchanged, standing at 21,000 to 1.
The decision to reduce interest rates was made by NS&I, and it was motivated by the need to maintain a balance between the needs of its savers, taxpayers, and the overall stability of the financial services industry.
This is being achieved through the reduction of larger rewards, with the exception of the two £1 million prizes, and the introduction of a greater number of £25 winnings.
Andrew Westhead, who is the Retail Director at NS&I, has expressed his happiness for the £1 million jackpot winners from West Sussex and Hampshire. He has applauded them and advised them to start planning what they can do with their tax-free winnings.
In the present month, two people who had a bond worth £100 were rewarded with a whopping amount of £100,000. This goes to prove that even a single bond can make a significant difference.
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