Two Premium Bonds holders scoop £100k prizes on their first draw and with holdings under £700…

Two Premium Bonds holders bagged £100,000 prizes with bonds bought in July, latest NS&I draw results show.

It means they scooped six-figure sums in the first draw the bonds were eligible –  we’ve previously looked into why you should buy the much-loved NS&I product towards the end of the month

What’s more, one of the winners from Birmingham has a total holding of just £525 and the other, from Surrey, £700.

The £100,000 prize is the second biggest prize in the draw after the coveted £1million jackpot and there were 88 six-figure prizes in this month’s prize draw.

Luck of the draw: Two Premium Bonds holders have won £100,000 prizes on their bond’s first draw with holdings of less than £1,000

Andrew Westhead, NS&I retail director, said: ‘I’d like to extend special congratulations to the high value prize winner who bagged a £100,000 win with a modest investment of £525.’

Premium Bonds are the nation’s favourite saving product and have around 22million holders. See all of this month’s Premium Bonds prize winners.

Two Premium Bonds holders pocket £1million and other prizes range from £25 to £100,000.

The two jackpot winners in September’s draw were won by a saver based in West Sussex and another in Manchester.

The Manchester winner bought their winning bonds in February 2024 and has a total holding of £21,700. 

The West Sussex £1million prize winner has a total holding of £18,101 and purchased their winning bonds in April 2020.

The average Premium Bonds customer has £5,250 invested according to NS&I.

Earlier this summer, we anaysed the past 50 Premium Bond draws stretching back to May 2020 when the NS&I pandemic boom took hold.

Of 1,639 £100,000 prizes analysed, the average holding of winners was £38,745, showing just how lucky the two £100,000 prize winners were. 

Currently, the underlying rate – or the average prize payout per year – on Premium Bonds is 4.4 per cent with the odds of any £1 bond winning a prize sitting at 21,000 to 1.

In September’s prize draw, there were more than 5.9million prizes resulting in a total payout of over £459million.

Premium Bonds Winners

Prize Area Value of bond
£1,000,000 West Sussex £18,101
£1,000,000 Manchester £10,000
£100,000 Kent £5,000
£100,000 Stockport £38,000
£100,000 Oxfordshire £700
£100,000 Wiltshire £24,000
£100,000 West Sussex £4,000
£100,000 Devon £1,000

More September 2024 winners

View list of September 2024 winners

SAVE MONEY, MAKE MONEY

5.09% on cash for Isa investors

Investing boost

5.09% on cash for Isa investors

Investing boost

5.09% on cash for Isa investors

Includes 0.88% bonus for one year

Cash Isa at 4.92%

Includes 0.88% bonus for one year

Cash Isa at 4.92%

Includes 0.88% bonus for one year

No account fee and free share dealing

Free share offer

No account fee and free share dealing

Free share offer

No account fee and free share dealing

Flexible Isa that now accepts transfers

4.84% cash Isa

Flexible Isa that now accepts transfers

4.84% cash Isa

Flexible Isa that now accepts transfers

Get £200 back in trading fees

Dealing fee refund

Get £200 back in trading fees

Dealing fee refund

Get £200 back in trading fees

Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.



***
Read more at DailyMail.co.uk