With the start of a new month, it means that National Savings and Investment have once again drawn bond numbers in their monthly Premium Bonds prize draw, with a number of winners from the Newcastle region in September.
September’s jackpot winners, earning a cool £1 million, hail from Sefton and West Sussex; the first winning Bond number drawn was 409PT785413 who holds £50,000 in Premium Bonds and purchased the winning Bond in August 2020.
The second winning Bond number drawn was 324MB318235 and also holds £50,000 in Premium Bonds and purchased their winning Bond in February 2018.
Jill Waters, NS&I Retail Director wrote after the September draw that “There were more than 119 billion Bonds eligible for this month’s prize draw, with Premium Bonds getting more popular amongst the nation’s savers with each passing month.”
“Each Bond eligible in this month’s draw had a chance to win not just the £1 million jackpot, but also one of the other more than 4.8 million prizes worth between £25 and £100,000.”
Were there any winners in Newcastle?
Though perhaps not as large as the £1 million jackpots, every little helps while we experience the cost of living crisis.
A bond holder from Tyne and Wear has won £50,000 having held £30,000 in premium bonds bought in June 2022.
The next highest winner in Tyne and Wear picked up at £10,000 prize from a premium bond value of £8,000 bought in October 2019.
A full list of September 2022 winners from around the area are as follows - are you one of the lucky ones this month?
What are Premium Bonds?
Premium Bonds are an investment product issued by National Savings and Investment (NS&I). Unlike other investments, where you earn interest or a regular dividend income, you are entered into a monthly prize draw where you can win between £25 and £1 million tax free.
A minimum of £25 is required to buy Premium Bonds and you must be aged at least 16 to purchase them, however you can buy them on behalf of your child, grandchild or great-grandchild as an investment in their future.
The maximum level of holding for Premium Bonds is £50,000.
Premium Bonds though are not recommended as a means of regular income, guarantee returns or if you have concerns over the impact of inflation on your savings.
You can read all the terms and conditions regarding Premium Bonds over at the National Savings and Investment website.
How does the Premium Bonds prize draw work?
A unique bond number is issued for every £1 invested, so a £100 investment in premium bonds would equate to 100 bond numbers, each with a chance to win after being held for a full month.
Every month Bond holders, whose numbers are generated at random by NS&I’s random-number generator, ERNIE, can win prizes from £25 to £1 million and are all tax-free.
How do I check if I’ve won?
You don’t have to do anything else aside from check if your issued bond number is a winner by checking over at the National Savings and Investment website.