Home Money Two Premium Bond holders scoop £100,000 prizes in their first draw with holdings of less than £700…

Two Premium Bond holders scoop £100,000 prizes in their first draw with holdings of less than £700…

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Luck of the draw: Two Premium Bond holders won £100,000 prizes in the first draw for their bonds with holdings of less than £1,000

Two Premium Bond holders scooped £100,000 prizes with bonds purchased in July, the latest NS&I draw results show.

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

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

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

Luck of the draw: Two Premium Bond holders won £100,000 prizes in the first draw for their bonds with holdings of less than £1,000

Andrew Westhead, NS&I’s retail director, said: “I would like to extend my special congratulations to the winner of the high value prize who walked away with a £100,000 prize for a modest investment of £525.”

Premium Bonds are the country’s favourite savings product and are held by around 22 million holders. See all of this month’s Premium Bond award winners.

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

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

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

The £1m West Sussex prize winner has a total holding of £18,101 and bought his winning bonds in April 2020.

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

Earlier this summer, we looked at the last 50 Premium Bond draws dating back to May 2020, when the height of the NS&I pandemic took hold.

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

Currently, the underlying rate – or average prize payout 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.

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

Premium Bonus Winners

Prize Area Bond value
£1,000,000 West Sussex £18,101
£1,000,000 Manchester £10,000
£100,000 Kent £5,000
£100,000 Port of values £38,000
£100,000 Oxfordshire £700
£100,000 County of Wiltshire £24,000
£100,000 West Sussex £4,000
£100,000 Devon £1,000

More winners for September 2024

See list of winners for September 2024

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