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

October Premium Bonds winners announced: are you a millionaire?

0
Written by:
01/10/2018
Two men – one from London and the other from Dorset – have scooped the £1m Premium Bond jackpot in the October draw.

The first winner, a man from inner London, purchased his ticket in February 2016 and invested the maximum £50,000.

The winner from Dorset won the £1m jackpot after re-investing a £25 prize won in the October 2010 draw.

The pair become the 395th and 396th winners of the £1m jackpot prize.

The two winning bond numbers are: 267FW537456 and 173HT264915.

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: “Re-investing Premium Bond prizes can be a great way of saving and it has paid off this month for Dorset’s jackpot winner, scooping the £1 million jackpot from a £25 reinvested prize. While the London winners’ savings habit has proved particularly fruitful, winning the top prize just over two and a half years after investing.”

Customers can opt to have their prizes paid directly into their bank account, or to have their prizes automatically reinvested into their Premium Bonds account, as long as the total holding is below the maximum threshold of £50,000.

Do you have an unclaimed prize?

In the October 2018 draw, a total of 3,139,705 prizes worth £89,743,200 will be paid out.

But according to NS&I, there are over 1.5 million unclaimed prizes worth just over £60m.

In Inner London, there are over 119,000 prizes waiting to be claimed worth nearly £4.8m and in Dorset, there are over 18,000 unclaimed prizes worth £672,000.

You can check if you have an unclaimed prize waiting for you by inputting your holder’s number in the prize checker on the NS&I website. If you have lost track of your holder number, or you’re not sure whether you have any premium bonds, you can use the NS&I tracing service.

Related: See YourMoney.com’s Do your Premium Bonds die with you? for more information.

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.

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...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

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:
Stock of the week: Enquest

Helal Miah, investment research analyst at The Share Centre, picks UK based oil exploration and production company Enquest as stock...

Close