NS&I saver with just £10 in Premium Bonds wins £50,000 – after buying Winning Bond in 1990

Premium Bonds saver looks happy in pictures

NS&I has announced some details about this month's Premium Bonds prize winners

GETTY
Jessica Sheldon

By Jessica Sheldon


Published: 02/02/2024

- 13:40

Updated: 02/02/2024

- 13:41

NS&I has updated the Premium Bonds prize checker today

A Premium Bonds saver who has invested just a total of £10 is now £50,000 richer. The person, from Essex, bought the Winning Bond in 1990.

Since February 2019, the minimum investment in Premium Bonds has been £25, while the maximum is now £50,000 per person.


NS&I has updated the Premium Bonds prize checker tool and a list of February’s high value winners has also been published this week.

Yesterday, the government-backed savings provider announced the first Winning Bond winner, who has scooped £1million, this month was held by someone in Dorset.

Andrew Westhead, NS&I Retail Director

Andrew Westhead, NS&I Retail Director, shared a message of congratulations for the two new jackpot winners

NS&I

They bought the 137BG686951 Winning Bond in March 2008.

The second jackpot winner, who also gets £1million is from Wandsworth.

Their Winning Bond, 456RD476057, was purchased in May 2021.

The odds of winning per £1 Bond number are currently 21,000 to one.

Andrew Westhead, NS&I Retail Director, said: "Congratulations to our two £1 million jackpot winners from Dorset and Wandsworth – I hope they enjoy planning what to do with their new-found wealth.

“Premium Bonds are one of the nation’s favourite savings products, and a great way to start a savings habit with as little as £25.

“As well as the exciting prospect of winning the £1 million jackpot, there are also millions of other prizes up for grabs each month worth between £25 and £100,000, with a total prize pot this month of over £475million.”

This month, there were 91 winners who each scooped £100,000 and 182 people won a £50,000 payout each.

NS&I notifies Premium Bonds winners but sometimes it’s not possible to reach them.

For instance, if customers relocate or update their contact information without informing NS&I, they may not get the message.

This could lead to unclaimed prizes, particularly if the saver has opted to get prizes by cheque and they have moved without updating their details.

NS&I says choosing for prizes to be automatically paid into the winner’s bank account or reinvested into more Premium Bonds is the quickest way to get prizes, and more than 90 per cent of prizes are now paid this way.

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