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A record £330 million will be paid this month to Premium Bond winners… as lucky savers have now won £25 billion since the first drawing in 1957
- A record £330 million will be paid out to lucky savers in the March draw
- This is due to the increase in the premium rate to 3.3%
- The winners of the £1 million jackpot in March are from Nottinghamshire and Oxfordshire
Premium Bonds savers will receive a record £330 million in prizes this month, meaning more than £25 billion has been paid out to winners since the very first draw in 1957.
The massive gains come on the heels of NS&I’s decision to increase prize money to 3.3 percent – the highest rate in more than 14 years.
The change in the Premium Bond price fund percentage is the fifth increase NS&I has made in the past year and the third increase in 2023 alone.
Savings lottery: Premium Bonds offer an average price fund return that has now risen to 3.3% – a level that exceeds most easily accessible savings deals
Premium bonds remain the country’s most popular savings product, with approximately 21 million people collectively holding 120 million qualifying bond numbers.
The two winners of this month’s £1 million jackpot were from Nottinghamshire and Oxfordshire.
The Nottinghamshire individual won the maximum £50,000 in Premium Bonds, having purchased his winning Bond in October 2020.
The winner from Oxfordshire won £30,284 worth of Premium Bonds, having purchased their winning Bond in January 2018.
Jill Waters, director of retail at NS&I, said: ‘Since the very first Premium Bonds draw in 1957 we have now paid out a whopping £25.1 billion in prizes – that’s an impressive milestone and shows why Premium Bonds remain so popular with so many people .
Could you be a jackpot winner next month? Make sure all your contact details are up to date, including your address – you never know, one of our Agents Million might be knocking on your door soon to deliver the life-changing news.’
| Value of price | Number of prizes in Feb | Number of prices in March |
|---|---|---|
| £1,000,000 | 2 | 2 |
| £100,000 | 59 | 62 |
| £50,000 | 117 | 124 |
| £25,000 | 236 | 249 |
| £10,000 | 590 | 622 |
| £5,000 | 1,177 | 1,242 |
| £1,000 | 12,573 | 13,220 |
| £500 | 37,719 | 39,660 |
| £100 | 1,280,509 | 1,406,020 |
| £50 | 1,280,509 | 1,406,020 |
| £25 | 2,376,161 | 2,140,768 |
| Total prices: | 4,989,652 | 5,007,989 |
| Total value of prizes: | £314,347,875 | £330,527,200 |
At the current rate of 3.3 per cent, the odds of each £1 bond winning a prize remain 24,000 to 1 – but this month’s changes have now increased the number of prizes worth from £50 to £100,000.
For example, there were 62 prizes worth £100,000 this month, up from 59 last month, and the number of £50,000 prizes increased from 117 in February to 124 in March.
This is Money publishes a list of winners of prizes worth £1,000 and over here.
Premium Bondholders will also be able to check if they have won a prize in the March prize draw starting tomorrow using NS&I’s prize checker, the official prize checker app or their Alexa device.
Clients need their Premium Bonds holder number to use the website and their NS&I number or holder number to check via the price checker app.
At the same time, they can also check for unclaimed prizes owed to them.
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