Premium Bonds is an investment product issued by National Savings & Investment. Each month there are two £1million prizes given out to very lucky savers in the UK
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Premium Bond winners for May have been announced – and two people in the UK are now £1million richer.
The first big winner is from Greater Manchester, with this person holding £50,000 – the maximum amount possible – in Premium Bonds.
They bought the winning Bond 281HY160082 in September 2016.
The second £1million winner is from Wandsworth with the Bond number 092QC393046.
This person has £49,000 invested in Premium Bonds and purchased their winning Bond in June 2003.
In the May 2022 prize draw, a total of 3,415,068 prizes worth £98,183,175 will be paid out and there were 117,819,813,615 Bond numbers eligible for the draw.
Since the first draw in June 1957, ERNIE has drawn 562 million prizes with a total value of £22.9billion.
Premium Bonds is an investment product issued by National Savings & Investment.
Have you won big on Premium Bonds and want to share your story? Let us know: [email protected]
But instead of earning interest, you are entered into a monthly prize draw where you can win between £25 and £1million tax free.
This means your chance of winning is completely down to chance – and you may not win anything at all.
Whenever you want to you can get all your money back from NS&I, though it may take a few days.
The minimum amount you can have invested in Premium Bonds is £25, and the maximum is £50,000.
How to check if you’re a winner
Customers can use the nsandi.com prize checker tool and prize checker app to see if they have won.
If you have an Amazon Alexa, you can also ask it to tell you the latest winning numbers.
To see if you’ve won, you will need to enter your Premium Bonds holders’ number.
Those who have chosen to have prizes paid to their bank account, or have their prizes reinvested, will be informed whether they have won by email or text message.
At the moment the odds of a bond winning each month are 34,500 to 1 for every £1 Bond you have invested.
The vast majority of the prizes released each month are for £25.
Customers can choose to have their prizes paid straight into their bank account, or to have them automatically reinvested into new Premium Bonds.
More than nine in ten prizes are now paid straight into winner’s bank accounts or automatically reinvested into more Premium Bonds.
We’ve spoken to the so-called “Agent Million” whose job is to tell the £1milllion Premium Bond winners that they’ve won the top prize.
“Agent Million” revealed how winners find out the good news, how they react – and how much they get paid.