Premium Bonds: NS&I announces February 2021 £1million winners – one bought Bond last year

Martin Lewis details how Premium Bonds odds work for savers

In February 2021, there were two new Premium Bonds jackpot winners who have secured a £1million payout each. As always, NS&I has kept their identity under wraps, however some details have been revealed.

This month, the first winner is male, from Inner London.

He has the maximum holding of £50,000.

The Winning Bond can be identified as 398WP403111, and it was purchased last year, in June 2020.

The second millionaire this month is also male, from North Yorkshire.

We will use your email address only for sending you newsletters. Please see our Privacy Notice for details of your data protection rights.

Similarly, this winner also has £50,000 invested in Premium Bonds.

304HM348661 is the Winning Bond’s code, and it was bought in June 2017.

This month, there were five winners of the second highest value prize – a payout of £100,000 each.

These winners were from Bridgend and Neath Port Talbot, Cumbria, Essex, Cheshire West and Cheshire, and Outer London.

The dates of purchase among these winners range from February 1995 right up to March 2020.

Also winning an astounding amount of money – with this being a £50,000 sum – were eight other Premium Bonds holders.

This month, the prize fund was more than £85million.

In total, there was more than 2.9 million prizes up for grabs.

Prizes range from £25 up to the two £1million jackpot payouts.

The full list of winners and Winning Bonds is on the NS&I website now, but it’s tomorrow the prize checker will be updated.

The odds of winning per £1 Bond number is currently 34,500 to one.

This changed in December 2020, following a reduction to the annual prize fund rate on November 24.

It was reduced by 40 basis points, from 1.4 percent to one percent.

Prior to the change, the odds of winning per £1 Bond number was 24,500 to one.

There are limits when it comes to how many Premium Bonds a person can hold.

The minimum holding is £25, while a maximum of £50,000 can be invested per person.

Source: Read Full Article