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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…

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…

September’s £1 million Premium Bonds winners are a man from Wales and a woman from South Scotland. The first number drawn, 250SL107433, belongs to a man from Wales. He has a total Premium Bonds holding of £17,745 and the winning Bond was purchased in July 2015. The jackpot win makes the man the fourth Premium Bonds millionaire to come from Wales.

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.

HM Treasury has today confirmed that NS&I’s Net Financing target for 2020-21 has been revised from £6 billion (+/- £3 billion) to £35 billion (+/- £5 billion) to reflect government finance requirements arising from Covid-19. NS&I’s Annual Report & Accounts 2019-20, published on 23 June 2020, stated that NS&I’s £6 billion Net Financing target announced in the March 2020 Budget would be subject to in-year revision. Today’s new target may be subject to further revision during the…

The £1 million Premium Bonds prize winners for July 2020 come from Tyne and Wear and Surrey. The first eligible Bond number drawn was 392SK696449 and belongs to a man from Tyne and Wear. The man purchased the winning Bond in May 2020 and it is part of a holding worth £35,000. The man becomes the tenth £1 million Premium Bonds winner from Tyne and Wear.

June’s £1 million Premium Bonds winners come from Nottingham and Stoke on Trent. The first eligible Bond number drawn was from Nottingham. The woman, who has the maximum holding of £50,000 in Premium Bonds, purchased her winning Bond in January 2017. The winning Bond number is 292ME808065 and makes the woman the eighth £1 million jackpot winner from Nottingham.

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.

Planned interest rate reductions on NS&I variable rate products, including Premium Bonds, will not now be implemented. The cancellation of these interest rate reductions will support savers during the coronavirus pandemic. Customers do not need to take any specific action as a result of this announcement. NS&I is urging customers to go online to nsandi.com if they wish to invest or if they need help to manage their savings during the coronavirus pandemic.

April’s £1 million Premium Bond winners come from Hertfordshire and Essex. The first eligible Bond number drawn was 239CV516628 and belongs to a man in Hertfordshire. He has a total holding of £40,000 and purchased his winning Bond in January 2015. The man is the 13th Premium Bonds millionaire from Hertfordshire.