Two Premium Bonds £1m jackpot prizes gained by these with most £50k
- NS&I has revealed the winners of July 2024 Premium Bonds draw
- Both £1m winners both holding the maximum amount of £50,000
The two newly minted Premium Bonds millionaires for July both hold the maximum of £50,000.
July’s £1million winners come from Hertfordshire and Cumbria, with the winning bonds bought in November 2016 and October 2021 respectively.
There were more than 5.9million prizes this month worth nearly £456.5million, National Savings and Investments says.
Party piggy: Two lucky Premium Bonds winners have scooped the £1m jackpots – but both had maximum holdings
As well as the two £1million winners, 87 holders scooped £100,000 and 157 won £50,000.
Some of the notable winners include a holder from South Yorkshire who scooped £100,000 with just £500 worth of bonds while someone from Cumbria won £50,000 with £101 worth of bonds, bought in January 1979.
Currently, the prize fund rate for Premium Bonds is 4.4 per cent. The odds of any £1 Bond number winning a prize are 21,000 to 1.
Premium Bonds are tax-free – an important tool for many, with latest HMRC data suggesting savers will be paying more than £10billion collectively in tax this financial year.
More than 22million people have Premium Bonds.
Last month, both Premium Bonds jackpot winners also had the maximum £50,000 saved in the much-loved products.
We recently analysed the past 50 Premium Bond draws – not including this latest July draw – and the 100 millionaires created over that time, stretching back to May 2020, just as the NS&I pandemic Premium Bonds boom started.
The average holding of a £1million winner was £38,779. This compares to the average Premium Bond holding of £5,250.
And 38 of the 100 newly made millionaires held the maximum £50,000 in Premium Bonds.
