Table of Contents
A saver has scooped a £100,000 prize with just £275 in the October 2024 Premium Bond prize draw.
The winner, based in Gloucestershire, bought the winning bond in January 2019, says National Savings & Investments.
It means this Premium Bond holder has earned a return of almost 36.263 per cent on his initial investment of £275.
It’s not the only luck for Gloucestershire in this month’s draw as one of the two coveted winners of the £1 million jackpot also comes from the county.
A premium bond holder from Gloucestershire took home a £100,000 prize from a £275 holding, while one of the top £1 million prizes was also claimed by a holder from the largely rural county.
They are Gloucestershire’s eighth jackpot winner.
The winner had a stake of £29,900 and his winning bond was purchased in February 2013.
The other jackpot winner came from Derbyshire and had the maximum £50,000. The winning bond was purchased in March 2023.
Other lucky winners included two holders who won prizes of £50,000 with holdings of £500 or less.
One winner, based in the north east of Scotland, won a £50,000 prize with a stake of £300, while another, from Lincolnshire, won the same amount with a stake of £500.
Meanwhile, another Premium Bond holder has proven the saying that “good things come to those who wait” by winning a £1,000 prize on a bond purchased in September 1964, some 60 years ago.
They had a share of just £26 and are based in Hereford and Worcester.
Premium Bonus Winners
| Prize | Area | Bonus value |
| £1,000,000 | Derbyshire | £40,000 |
| £1,000,000 | Gloucestershire | £25,000 |
| £100,000 | Oxfordshire | £25 |
| £100,000 | outer london | £500 |
| £100,000 | Buckinghamshire | £20,000 |
| £100,000 | york | £44,000 |
| £100,000 | Surrey | £5,000 |
| £100,000 | North Yorkshire | £35,975 |
More winners from October 2024
Premium bonds are the country’s favorite savings product and have around 22 million holders. See all of this month’s Premium Bonus prize winners.
The average premium bond customer has £5,250 invested according to NS&I.
Earlier this summer, This is Money analyzed the last 50 premium bond withdrawals dating back to May 2020, when the NS&I pandemic boom took hold.
Of the 1,639 £100,000 prizes analysed, the average winners’ holding was £38,745, showing just how lucky some of this month’s £100,000 and £50,000 prize winners were.
In the October 2024 draw, a total of 5.9 million prizes worth £461 million will be paid out.
There were 126 billion bonds eligible for the drawing. Since the first draw in June 1957, ERNIE has drawn 719 million prizes with a total value of £33 billion.
Currently, the underlying rate (or average prize payment per year) on premium bonds is 4.4 per cent and the odds of any £1 bond winning a prize are 21,000 to 1.
SAVE MONEY, MAKE MONEY
Investment boost
Investment boost
5.09% on cash for Isa investors
5.2% savings rate
5.2% savings rate
Account rate increase with 90 days notice
free stock offer
free stock offer
No account fee and free stock trading
4.84% cash Isa
4.84% cash Isa
Flexible Isa now accepting transfers
Trading Fee Refund
Trading Fee Refund
Get £200 back in trading fees
Affiliate links: If you purchase a This is Money product you may earn a commission. These offers are chosen by our editorial team as we think they are worth highlighting. This does not affect our editorial independence.