You are here: Home - Saving & Banking - News -

December Premium Bonds: have you won £1m in time for Christmas?

Written by:
Two Premium Bond holders are set for a very merry Christmas after scooping £1m each in December’s prize draw.

The first winner, a woman from London, has £40,000 invested in Premium Bonds. The winning bond number (122EX485646) was bought in January 2007.

The second winner, a woman from Kent, becomes the 400th Premium Bond millionaire. Her winning bond (336ED173008) was bought just five months ago in July. She has just £5,300 invested in Premium Bonds.

Premium Bonds are offered by the government-backed National Savings & Investments (NS&I) and are the UK’s most popular savings product. Each £1 bond is entered into a monthly draw, with two lucky bondholders bagging £1m each. All Premium Bonds prizes are free of income and capital gains tax.

Jill Waters, retail director at NS&I, said: “Premium Bonds have made a real impact on people’s lives since the first prize draw in 1957, and while many good news stories never reach NS&I, Agent Million has endeavoured to deliver the news of a £1m jackpot win come rain or shine, leaving with warm tales of the positive impact on the winners’ lives.

“Premium Bonds have changed over time, however the core principles have not changed, offering tax-free returns and 100% security on every penny invested. Striving to offer customers what they want is also important, and we will soon be making it easier to buy and manage Premium Bonds, through our recent announcements to lower the minimum investment to £25, introduce gifting to a wider range of people, and the launch of a new app.”

In the December 2018 draw, close to 3.2 million prizes worth £91m will be paid out.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
At last, new savings deals match market leader Goldman Sachs

Two months after Marcus by Goldman Sachs launched into the UK savings market with its top paying 1.5% easy access...