NS&I unveils new £1million jackpot winners as Premium Bonds odds improve to 'best level since April 2008'

NS&I saver holding phone

NS&I has improved the odds of winning in the Premium Bonds prize draw

Jessica Sheldon

By Jessica Sheldon

Published: 01/09/2023

- 07:44

Updated: 05/09/2023

- 11:38

The Premium Bonds prize fund rate increased to 4.65 per cent from the September 2023 prize draw

Two new Premium Bonds savers have become £1million jackpot winners in this months prize draw.

NS&I has released some details about the winners of the top prize, stating they are from Norwich and Hampshire and Isle of White.

The first winner, from Norwich, bought the Winning Bond in May 2022.

The second purchased their Winning Bond in July 2016.

NS&I Premium Bonds prize checker app

NS&I has released some details about this month's Premium Bonds high value prize winners


Sally Swait, NS&I Assistant Retail Director, said: “Congratulations to our two jackpot winners from Norwich; and Hampshire and the Isle of Wight – we hope each of our winners enjoy their £1 million, just in time to prepare for a cosy autumn.

“This month there are over 5.7 million winners including the two million pound jackpot winners and 90 winners who will receive £100,000.”

One Premium Bond holder, who is from Australia, has just £5 in Premium Bonds, and won £50,000 this month.

They bought their Winning Bond in January 1968.

NS&I increased the prize fund rate from the September 2023 draw to 4.65 per cent, the highest level since March 1999.

The government-backed savings provider added £66million to the prize fund, taking it to more than £470,559,225 this month.

There were a total of over 5.78 million prizes this month.

The odds of winning per £1 Bond number improved to 21,000 to one from 22,000 to one this month.

Premium Bonds saver uses the NS&I app on their phone

Premium Bonds holders can check the results of the September 2023 prize draw on the app


It means they’re at their best level since the April 2008 prize draw.

NS&I Chief Executive, Dax Harkins, said last month: “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.”

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