August 11, 2022

One fortunate Premium Bond holder has scooped a 100,000 per cent return on their funding after successful £25,000 on a holding of simply £25 on this month’s draw.

It additionally proves that older purchases can win too, with the bond having been purchased in November 1983 – the identical month that noticed Billy Joel dominate the singles chart with Uptown Lady and Sean Connery star as James Bond one final time in By no means Say By no means Once more.

The Somerset primarily based holder received with a £10 bond after patiently holding it for nearly 40 years.

Tidy return: NS&I now pay out greater than 4.8m tax free prizes starting from £25 to £1m each month to Bond holders.

It comes after the percentages of every £1 Premium Bond quantity successful a prize has improved from 34,500 to 1 to 24,500 to 1.

Though there are nonetheless an unchanged two £1million prizes on provide, the variety of £100,000 prizes have risen from six to 10, and £50,000 prizes from 11 to 19.

Together with the increase to £100,000 and £50,000 prizes, the variety of £25,000 prizes has elevated from 24 to 40.

Whereas many who’ve bought Premium Bonds lately now select to be alerted to a win through e-mail, many older and smaller bonds like this one is probably not signed as much as an alert system, which means you will need to verify historic holdings and get in touch with particulars.

As for this month’s two £1million jackpot winners, these had been received with way more sizeable holdings.

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One winner, from Dorset held the utmost £45,000 bought final August, whereas the opposite winner, from Buckinghamshire, held £22,875, bought in April 2009.

Premium Bonds Winners

Prize Space Worth of bond
£1,000,000 Dorset £20,000
£1,000,000 Buckinghamshire £5,000
£100,000 West Yorkshire £20,300
£100,000 Dorset £10,000
£100,000 Hampshire and Isle of Wight £5,000
£100,000 Wandsworth £10,000
£100,000 Edinburgh £50,000
£100,000 Central Scotland £40,000

Extra August 2022 winners

View record of August 2022 winners

Over the previous two years a substantial quantity has been stashed into Premium Bonds. 

There are at present greater than 118billion bond numbers eligible for the draw, up from simply over 86billion eligible bonds in March 2020.

In Might, NS&I upped the Premium Bond underlying prize fund price from 1 per cent to 1.4 per cent boosting the probabilities of its 21million savers bagging a month-to-month prize.

This implies NS&I now pay out greater than 4.8million tax free prizes starting from £25 to £1million each month to Bond holders.

Nevertheless, it’s value noting {that a} win will most probably safe you one of many £25 prizes awarded every month.

For instance, this month, roughly 3.34million of the three.42million prizes awarded had been for £25.

The favored NS&I product permits savers to stay as much as a most of £50,000 within the account.

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