Two Premium Bonds savers scoop £100k prizes with £100 bonds

Two Premium Bonds holders have scooped a £100,000 prize with holdings of simply £100 on this month’s prize draw.

One of the winners, based mostly in Leeds, purchased the successful bonds in December 2023 – that means they solely needed to wait three months for his or her massive win.

But one other winner, based mostly in South West Wales, bought the successful bonds in March 1990, 34 years in the past – proving that good issues additionally come to those that wait.

There had been 86 £100,000 winners on this month’s Premium Bonds prize draw. The £100,000 prize is the second largest after the coveted £1million jackpot.

The two £1million jackpot winners, from West Sussex and Hampshire, each had the utmost holding of £50,000.

In final month’s draw a Premium Bonds saver bagged a £50,000 prize with simply £10 in Premium Bonds purchased in 1990, proving myths incorrect about solely having the ability to win a giant prize with the utmost holding.

There had been over 5.8million prizes in March’s draw, leading to a complete payout of over £451million.

From this prize draw, the Premium Bonds prize fund stands at 4.4 per cent. NS&I introduced in January that the prize fund can be minimize from 4.65 per cent to 4.4 per cent. The odds of any £1 bond quantity successful a prize stay the identical at 21,000 to 1.

NS&I says the minimize is because of its ‘requirement to strike a steadiness between the pursuits of our savers, taxpayers and the steadiness of the broader monetary providers sector.’

It is doing that by decreasing greater prizes – excluding the 2 £1million choices – and including in much more £25 wins.

Andrew Westhead, NS&I retail director, mentioned: ‘Congratulations to our £1 million jackpot winners from West Sussex and Hampshire, who can now begin planning what to do with their tax-free winnings.

‘This month, two winners with a holding of £100 received a prize of £100,000, exhibiting that each bond counts.’