Bond number 200VB673507 was purchased in January 2013 and belongs to a Premium Bonds holder from the West Midlands. The Bond won four £25 prizes between July 2017 and March 2019, however there are chances to win much more.
Monday November 1, 2021 marks 65 years since the first Premium Bond was bought.
Since then, a total of 538 million prizes have now been paid out.
Lucky winners stand to take £1,000,000 if their bond is drawn whereas when Premium Bonds were first launched, it was £1,000, showing its significant growth and popularity over the years.
The minimum investment for Premium Bonds are £25 sot it is very accessible. Children are also able to hold them, with parents, grandparents, aunts, uncles and family friends able to purchase for a child aged under 16 and give the gift of saving.
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Bonds don’t need to be held for a long time to win. In 2004, a woman won the £1m jackpot with a Bond purchased in February 1959 and a total holding worth just £17.
Bond winners are chosen by NS&I’s Electronic Random Number Indicator Equipment, otherwise known as ERNIE.
Hundreds of millionaires across the country have been selected since the £1m jackpot was introduced in 1994.
Bonds bought prior to the first draw in 1956 were still active in October 2021 and the amount of people that hold bounds has increased four times. There are now 21.1 million bond holders compared to the six million initially.
Currently, the odds of a bond holder winning the £1million jackpot prize draw in Premium Bonds is 34,500 to one – for every individual £1 bond.
Before purchasing any bonds, savers must be aware that their holdings will only become eligible for the prize lottery after a full month has passed from the initial purchase.
For example, a saver who purchased Premium Bonds in October will not be eligible for November’s prize draw, but will be able to take part in December’s lottery.
The provider states the quickest way to determine if one has secured a prize is by using the prize checker.
The tool will show a person this month’s prizes to offer them the most up to date information about their winnings.
The prize checker can also hunt out any older prizes a person has won, but not yet claimed.
Commenting on the 65 year anniversary of bonds, Jill Waters, NS&I Retail Director, said: “It is a testament to the popularity and enduring appeal of Premium Bonds that they still remain one of the nation’s favourite savings product 65 years after they first went on sale. Premium Bonds are about more than just the £1 million jackpot prizes – each month, there are more than 3.2 million other tax-free prizes paid out bringing joy up and down the country.
“Premium Bonds are an exciting way to save and are more popular than ever with billions of pounds having been paid to millions of people over the years. No matter whether you have £25 or £50,000 invested, Premium Bonds have the ability to surprise and delight each month, while also embracing technology and giving piece of mind that all money invested is 100 percent secure.”
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