Premium Bonds 'hotspots' revealed: Full list of counties with best odds of winning prize
Greg Smith tax issues warning about tax on savings interest
GB NEWS
New research has revealed the top 20 "hotspots" for winning Premium Bonds prizes following the recent cut to the prize fund rate from National Savings and Investments (NS&I).
The rate is being slashed to 4.15 per cent for the December prize draw with means the odds of taking home the £1million jackpot are also being cut. This comes as the savings market continues to evolve.
Despite the cut, a recent study by OLBG reveals the top counties in the UK with the highest chances of winning Premium Bonds prizes.
The research, based on this year's previous prize winners, shows a surprising trend favouring southern counties.
Essex emerges as the luckiest county, with over 11,000 winners in the past year and £33.6million in total winnings.
This gives Essex residents a 3.84 per cent chance of winning, the highest in the country.
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The "hotspots" for winning Premium Bonds have been revealed
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Kent follows closely behind Essex, with a 3.49 per cent chance of winning.
Over 10,000 Kent residents have claimed prizes in the past year, totalling an impressive £29.4million.
Hampshire and Isle of Wight complete the top three, boasting a 3.40 per cent chance of winning.
The region has seen 9,976 prizes won in the last year, amounting to £30.9 million in winnings.
Here is a breakdown of the top 20 "hotspots" in the UK for winning Premium Bonds prizes, along with the percentage chance of winning:
- Essex - 3.84 per cent
- Kent - 3.49 per cent
- Hampshire & Isle of Wight - 3.40 per cent
- Surrey - 3.23 per cent
- Outer London -3.16 per cent
- Inner London - 2.55 per cent
- Hertfordshire - 2.55 per cent
- Devon - 2.47 per cent
- West Sussex - 2.33 per cent
- Dorset - 2.07 per cent
- Suffolk - 1.71 per cent
- Buckinghamshire - 1.69 per cent
- Lancashire - 1.61 per cent
- Wiltshire - 1.52 per cent
- Hereford and Worcester - 1.47 per cent
- Cambridgeshire - 1.44 per cent
- Derbyshire - 1.42 per cent
- Gloucestershire - 1.41 per cent
- Lincolnshire - 1.40 per cent
- East Sussex - 1.40 per cent
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Premium Bonds savers can check if they have won via the NS&I Premium Bonds prize checker app or website NS&IDespite the changes in Premium Bonds rates, NS&I remains optimistic about future prize draws. Andrew Westhead, NS&I Retail Director, stated:
"Even with the changes, we're still expecting to pay out over 5.7 million prizes worth over £435million in the December Premium Bonds draw."
Westhead emphasised that the adjustments were necessary to meet NS&I's Net Financing target while balancing the interests of savers, taxpayers, and the broader financial services sector.
He added that NS&I's portfolio of fixed and variable rate products, along with Premium Bonds' unique position, continues to offer savers "choices to reach their savings goals".
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