TWO Premium Bond holders have scooped the July jackpot winning a million pounds each tax-free.
In total, the July 2020 prize draw resulted in 3,710,908 prizes worth £106,070,125.
The first million-winning bond number drawn was 392SK696449 and belongs to a man from Tyne and Wear.
The bond was bought in May 2020 and is part of a holding worth £35,000.
July’s second millionaire is a woman from Surrey.
Her winning Bond number is 297WB837011 and she has the maximum Premium Bonds holding of £50,000.
Since the first Premium Bond draw in June 1957, ERNIE has drawn 487 million prizes with a total value of £20.8 billion.
On top of those two million pound wins, seven people have won £100,000 this month, 12 have won £50,000 and 27 have won £25,000.
Of course, millions others have won smaller amounts ranging from £25 to £10,000.
How do Premium Bonds work?
PREMIUM Bonds are a savings account you can put money in (and take money out when you want), where the interest paid is decided by a monthly prize draw.
You buy £1 bonds and each has an equal chance of winning, so the more you buy, the more your chances improve.
Premium Bonds can be bought via standing order for as little as £50 per month once an account has been opened.
- Minimum purchase amount: £100 (or £50 for monthly standing orders).
- Maximum amount you can hold: £50,000.
- Age limit: Over 16 to buy them; under that age they may be held in the name of the under-16 by parents or guardians. Grandparents or great-grandparents can nominate the child’s parent or guardian to hold them.
The winners are picked by a random number generating computer called Ernie (Electronic Random Number Indicator Equipment).
How to check if your Premium Bonds have won any money
You can check to see if you have won on the nsandi.com prize checker from tomorrow.
You'll need to make sure you have your Premium Bonds holder’s number to hand.
Similarly, you can check via the prize checker app from Thursday July 2.
You'll need your NS&I number or holder’s number to use the app.
If you have chosen to get your prizes paid directly into your bank account, you will get a text or email letting you know you've won.
You can then use to prize checkers to see how much you've got.
Some people prefer to receive warrants, which work like cheques.
If this is you, you will receive notification of any wins through the post.
NS&I Premium Bonds prize warrants are valid for three months, but may still be accepted at a later date by your bank up to six months.
If you have a problem and the bank won’t accept the warrant, NS&I can send a new one.
Millions of unclaimed prizes
At the beginning of 2020 there were 1.7 million prizes worth over £64 million still waiting to be claimed by Premium Bonds holders.
NS&I says that bonds purchased for children are often forgotten, so you must check with NS&I to find out if you have a prize to claim.
Customers can check their Bonds by going online at www.nsandi.com, via the Prize Checker app on iOS and Android, or through their Alexa-enabled device.
If you've moved, you need to let NS&I know, so that you can get your Premium Bond prizes.
You can arrange to get future prizes paid straight in to your bank account or building society to make sure you never miss another win.
To do this, you need to make sure you are registered for NS&I’s online service and have an email address or mobile phone number.
Then, visit nsandi.com and click ‘Log in’. Next, go to ’Your profile’ and select ‘Your prize options’.
You will be given the option to get your winnings paid direct.
June's Premium Bond winning numbers included a new millionaire who bought bond in February.
How to track down lost bank accounts, pensions and investments.
NS&I cuts interest rates and reduces Premium Bond prizes so savers have less chance of winning.
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