Premium Bonds saver scoops £50,000 prize with a £10 bond from the 90s!
A Premium Bonds holder has turned £10 into £50,000 on this month’s prize draw – equating to a return of 499,900 per cent.
The winner, from Essex, purchased the successful £10 bond in June 1990 and hasn’t added any extra funds into the National Savings and Investments account since.
At the time, Kylie Minogue was dominating the charts with Better The Devil You Know and Julia Roberts was starring in field workplace hit Pretty Woman.
Other fortunate Premium Bonds winners this month embody two who made their purchases in 2023.
A Premium Bonds saver gained large from a £10 bond purchased in June 1990 when Kylie Minogue was dominating the UK charts with hit Better The Devil You Know
A Premium Bonds holder primarily based in Cambridgeshire gained a £100,000 prize from £2,500 value of bonds purchased in August 2023.
Another winner, primarily based in Brighton and Hove, bagged £100,000 from a bond value £5,795 bought in February 2023.
The coveted £1million jackpot prizes have been gained by Premium Bond holders in Dorset and the London borough of Wandsworth.
The Dorset winner holds £28,501 in bonds with the successful bond bought in March 2008. The Wandsworth jackpot winner has a complete of £10,400 in bonds, with the successful bond purchased in May 2021.
For this draw, the underlying prize price of Premium Bonds was 4.65 per cent and the percentages of successful a prize are 21,000 to 1.
But the prize fund will likely be reduce to 4.4 per cent and can take impact from subsequent month’s draw.
NS&I says the reduce is because of its ‘requirement to strike a steadiness between the pursuits of our savers, taxpayers and the soundness of the broader monetary providers sector.’
Premium Bonds savers is not going to see odds go down they usually stay at 21,000 to 1.
It is doing that by decreasing greater prizes – excluding the 2 £1million choices – and including in much more £25 wins.
For instance, it is anticipated there will likely be 85 £100,000 prizes in March versus 91 in January. Meanwhile, there will likely be 1,425,338 £25 prizes in March versus 1,037,784 in January – an increase of 37.3 per cent.
