NS&I has released details about October’s Premium Bonds prize draw, which saw more than 10 bond holders secure the £100,000 prize with bonds purchased in 2024.
With more than 5.9 million prizes up for grabs, savers can opt for Premium Bonds for a chance to win one of their big cash rewards.
NS&I pays out two £1million jackpots each month. They then divide the balance of the prize fund share allocated to the higher value band equally among the remaining prize values.
One of the £1million jackpot winners is from Derbyshire and they hold bond number 535MK963637, with £50,000 in Premium Bonds. They purchased the winning Bond in March 2023.
The second winner from Gloucestershire holds £29,900 in Premium Bonds and drew bond number 203JB525288. The winning bond was purchased in February.
The higher value band consists of prizes worth £100,000 and £50,000.
In October’s prize draw, over five savers won £100,000, with bonds they had purchased in the past year.
One lucky holder purchased their £100,000 winning bond (591ZX147741) in August 2024. The saver from Gloucestershire has £46,700 in Premium Bonds.
Another three savers bought the winning bonds 591EB567507, 591TZ738235 and 589WK611744 in August 2024. One is from Brighton And Hove, the second is from West Sussex, and the third is from Essex.
Winning bonds 585QB626121 and 587LS549512 were bought in July 2024, while bond 584AY030952 was purchased a month earlier in June 2024.
Two winners bought their winning bond in January 2024, one in February 2024, and another in May. More details of how much each holder held in Premium Bonds can be found on nsandi.com.
With these high value winning bonds being bought this year, many people may be wondering ‘what are my odds of winning too?’
The odds for winning in the Premium Bonds monthly prize draw is 21,000 to 1 for every £1 Bond.
The NS&I advisor website explains that each £1 Bond number has an equal chance of winning, regardless of when or where it was bought.
NS&I wrote: “Over 97 per cent of eligible Bonds have been bought since the year 2000.So even though Premium Bonds have been on sale for over 60 years, this is why newer Bonds seem to win more frequently.
“When ERNIE randomly generates winners, it doesn’t store any numbers, so there’s no way any Bonds can be left out. In 2015 the £1 million jackpot was won by a customer with only a £400 holding, who bought them in 2008!
“The only thing that can increase your chances of winning is holding more Premium Bonds – but holding them in sequence won’t make any difference.”
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Premium Bonds are the UK’s biggest savings product, with more than 24 million people saving over £124billion in them.
