NS&I saver with £275 in Premium Bonds scoops £100,000 cash prize from bond they bought in 2019

NS&I has shared some details about the October 2023 prize winners, which marks the first month since the prize fund rate was cut.

This month, the first £1million jackpot winner was from Derbyshire.

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They bought the winning bond, 535MK963637, in March 2023.

They are the fifth £1million winner to hail from Derbyshire.

The second winner is from Gloucestershire, and they bought the winning bond 203JB525288 in February 2013.

For October's draw, more than 5.9 million prizes are being awarded which are worth over £461million.

The first Premium Bonds prize draw took place in June 1957.

Since then, 719 million prizes have been drawn with a combined value of £33billion.

Unlike traditional savings accounts, NS&I's signature product does not have a set interest rate attached to it.

Instead, customers are enrolled in a prize draw which could see them win regular sums of money.

Among the cash prizes up for grabs include £100,000, £50,000 and £10,000.

In October's prize draw, over five savers won £100,000, with bonds they had purchased in the past year.

One lucky holder purchased their £100,000 winning bond (591ZX147741) in August 2024. The saver from Gloucestershire has £46,700 in Premium Bonds.

Another three savers bought the winning bonds 591EB567507, 591TZ738235 and 589WK611744 in August 2024. One is from Brighton And Hove, the second is from West Sussex, and the third is from Essex.

Winning bonds 585QB626121 and 587LS549512 were bought in July 2024, while bond 584AY030952 was purchased a month earlier in June 2024.

Two winners bought their winning bond in January 2024, one in February 2024, and another in May. More details of how much each holder held in Premium Bonds can be found on nsandi.com.