NS&I will delay the phasing out of Premium Bonds prize warrants until Spring 2021

NS&I has today announced that it will delay the phasing out of Premium Bonds prize warrants (like a cheque) until the spring of 2021, because of the difficulties some customers have had when trying to register their bank account details. Previously, NS&I was due to begin phasing out the use of Premium Bonds prize warrants from the December 2020 prize draw, with the last prize warrants being sent in February 2021; however, this will now be delayed.

NS&I TO PAY ALL PREMIUM BONDS PRIZES DIRECT TO CUSTOMERS’ BANK ACCOUNTS

Premium Bonds paper prize cheques will be phased out from December 2020. Premium Bonds holders that still receive paper warrants need to take action to ensure they continue to automatically receive payment of their prizes. Customers can also choose to have prizes reinvested into more Premium Bonds, giving them more chances of winning prizes in future draws. Customers will receive prizes more quickly, more easily and more securely. Almost three quarters (74%) of Premium Bonds prizes are…

LESS IS SOMETIMES MORE IN ERNIE’S PREMIUM BONDS DRAW

After the launch of Premium Bonds in November 1956, savers across the nation waited with bated breath for the first draw in June 1957. Ever since then, ERNIE has randomly generated numbers, sharing out millions of tax-free prizes both large and small. Higher value prizes can sometimes feel out of reach for savers with more modest holdings, but each £1 Bond has an equal chance of winning, no matter where or when it was first bought. The most recent draw in September 2020 proved that sometimes…

PREMIUM BONDS WINNERS IN CUMBRIA AND OUTER LONDON

The £1 million Premium Bonds jackpot prize winners in August 2020 are a woman from Cumbria and a man from Outer London. The first £1 million prize, Bond number: 174SW095381 belongs to a woman from Cumbria. She purchased the winning Bond in November 2010 and has a total of £5,900 in Premium Bonds. She becomes the seventh Premium Bonds millionaire winner in Cumbria, with the previous jackpot win in the region in November 2019.

PREMIUM BONDS WINNERS IN INNER LONDON AND GLOUCESTERSHIRE

The £1 million Premium Bonds prize winners for May come from Inner London and Gloucestershire. May’s first millionaire is a man from Inner London. His winning Bond number is 344ZE146007 and he has the maximum Premium Bond holding of £50,000. The winning Bond was purchased in November 2018. The win makes the man the fifth Premium Bonds millionaire from Inner London.