A man in Durham and a woman in Bristol have become the 379^th and 380^th Premium Bond million pound prize winners.

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

However, there are a host of other prizes too, ranging in size from £25 to £100,000. In total for the February draw, more than 2.9 million prizes will be paid out, worth £85m. See YourMoney.com’s Premium Bond guide for more information.

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The man from Durham bought his winning bond (number: 297XK491568) in March 2017 and invested £50,000 in Premium Bonds. He becomes the third jackpot prize winner in Durham, with the previous big win coming in April 2014.

The Bristol winner has £10,000 invested in Premium Bonds, and her winning Bond (number: 040YG716639) was bought in March 2003. She becomes the ninth winner from Bristol, and this prize means that the city has now had a jackpot win each year for four consecutive years, with the last being in August 2017.

The winnings are free of income tax and capital gains tax.

However, those with small holdings have also had luck on their side in this month’s draw. Someone from Glasgow with £4 of holdings bought in November 1964 has won £25,000 with the winning number 4AB512496. And a holder in Surrey with a total £17 bought in November 1968 has won £1,000. Elsewhere, a Warwickshire resident with £55 of holdings bought in April 1981 has always won £1,000.

NS&I said in 2017, nearly 200 prizes worth £1,000 or more had been won by people whose winning purchase was just a £25 investment – the majority had done so via a reinvested prize.

Since the first draw in June 1957, ERNIE has drawn 392 million winning prizes, to the value of £18bn.

Many people may have forgotten about or may be unaware they have Premium Bonds. In total, there are over 1.4 million unclaimed prizes worth just under £58m.

Jill Waters, retail director at NS&I, said: “It is great that two people from opposite ends of England have been able to celebrate February in style, with an unexpected surprise just in time for Valentine’s Day.

“We hope that many other winners will be equally feeling the love from ERNIE with their success this month, having paid out over 2.9 million prizes in February’s draw.

“We urge Premium Bond holders to reduce the chance of their prizes becoming unclaimed in the future by keeping personal details up-to-date and registering to manage their Premium Bonds online or by phone and choosing to have any subsequent prizes paid directly into their bank account.”