NS&I has announced the winners of the Premium Bonds prize draw for October 2023.
This month’s jackpot winners are from Greater Manchester and West Scotland.
The first winner, from Greater Manchester, has the maximum £50,000 holding and purchased the winning bond in October 2016.
The second also has £50,000 invested in Premium Bonds, and bought the winning bond in September 2009.
Savers can use NS&I's Premium Bonds prize checker app to check the prize draw results
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This month, there was a prize fund of £470,853,175. There were more than 5.79 million prizes up for grabs.
Andrew Westhead, NS&I Retail Director, said: “Huge congratulations to this month’s millionaires from Greater Manchester and West Scotland. We hope the jackpot is a nice treat for them in time for autumn.
“Premium Bonds aren’t just about winning the jackpot - this month we paid over five million prizes worth more than £470 million, including 90 people winning £100,000. Congratulations to all our winners.”
There were 181 winners who scooped a £50,000 prize this month and 360 people have secured a payout of £25,000.
NS&I increased the Premium Bonds prize fund last month to 4.65 per cent, taking it to the highest level since March 1999.
The odds of winning in the Premium Bonds prize draw were improved to 21,000 to one from 22,000 to one – their best level since the April 2008 prize draw.
Premium Bonds holders can check the Premium Bonds prize draw results on the website, app and Amazon Alexa
People can use this tool on the NS&I website, on the Premium Bonds prize checker app, and via Amazon Alexa.
Speaking as NS&I unveiled a series of interest rate rises, including improving the Premium Bonds prize fund rate, NS&I Chief Executive, Dax Harkins, said: “These upcoming increases show that we’re supporting savers up and down the country.
"Premium Bonds are one of the nation’s favourite savings products, so increasing the prize fund rate to its best level since 1999 and improving the odds means that more people will have the chance to win prizes each month.
“These rate increases will help ensure that our savings products remain attractive to customers, whilst ensuring that we continue to balance the needs of savers, taxpayers and the broader financial services sector.”