- Two premium bond savers have bagged £100,000 prizes with small stakes of £100
- One bought the bonds in December 2023 and the other in March 1990.
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Two Premium Bond holders have scooped a £100,000 prize with holdings of just £100 in this month’s prize draw.
One of the winners, based in Leeds, bought the winning bonds in December 2023, meaning he only had to wait three months for his big win.
But another winner, based in south-west Wales, bought the winning bonds in March 1990, 34 years ago, proving that good things also come to those who wait.
Luck: Two premium bond savers have won £100,000 bonus prizes
There were 86 £100,000 winners in this month’s Premium Bond prize draw. The £100,000 prize is the second largest after the coveted £1 million jackpot.
The two £1 million jackpot winners, from West Sussex and Hampshire, both had a maximum estate of £50,000.
In last month’s draw, a Premium Bond saver pocketed a £50,000 prize with just £10 worth of Premium Bonds bought in 1990, proving myths wrong that a big prize could only be won with maximum participation .
In the March draw there were more than 5.8 million prizes, resulting in a total payout of more than £451 million.
From this draw, the Premium Bond prize fund amounts to 4.4 percent. NS&I announced in January that the prize fund would be reduced from 4.65 per cent to 4.4 per cent. The odds of any £1 bonus winning a prize remain the same: 21,000 to 1.
NS&I says the cut is due to its “need to strike a balance between the interests of our savers, taxpayers and the stability of the wider financial services sector”.
It’s doing this by reducing the biggest prizes (excluding the two £1m offers) and adding many more £25 wins.
Andrew Westhead, retail director at NS&I, said: “Congratulations to our £1 million jackpot winners from West Sussex and Hampshire, who can now start planning what to do with their tax-free winnings.”
“This month, two winners with a stake of £100 won a prize of £100,000, proving that every bonus counts.”