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Daily Mirror
Daily Mirror
Business
James Andrews

March's big Premium Bond winners named - including two new millionaires

Two lucky Premium Bond holders have just discovered they're a million pounds better off after winning the jackpot in March's draw.

The first £1 million prize went to a woman living in Norwich who bought her winning Premium Bond (number 250KD320334) in July 2015.

March's second big Premium Bond winner - a man from Cambridgeshire - scooped the jackpot with a bond bought after he reinvested a £25 win in July 2018.

NS&I retail director Jill Waters said: “Spring is well and truly here for these two jackpot millionaires, as well as more than three million other people who have received tax-free prizes this month."

But just because the big winners have been revealed, that doesn't mean there won't be anything for you.

As well as two million-pound prizes, NS&I paid more than 3.5 million other Premium Bonds holders between £25 and £100,000 each.

And that's before we get to the unclaimed prizes.

Find forgotten Premium Bond prizes

Have you won and not realised (NS&I)

National Savings and Investments, which runs Premium Bonds, revealed there are now more than £64 million worth of prizes unclaimed from Premium Bonds waiting for people to bank.

Cambridgeshire alone has 15,042 unclaimed prizes worth £510,125 in total - with the oldest unclaimed prize dating back to October 1966.

Over in Norwich there are 8,117 unclaimed prizes worth £284,500 overall - seven of them worth £1,000 to the lucky Premium Bond holders.

You can find out if any of your Premium Bonds are winners by downloading the prize checker app from the App Store or Google Play, or visit the prize checker at nsandi.com .

Bonds can win from any age (PA)

If you think you might have won, check here .

Customers manage their Bonds online at nsandi.com and by phone.

At the moment the odds of a bond winning each month are 24,500 to 1, and the vast majority of the prizes are for £25. That works out as a 1.4% prize fund rate.

But from 1 May 2020, the prize fund rate changes to 1.3%, with the odds of any single Bond winning lengthening to 26,000 to 1.  

Customers can choose to have their prizes paid straight into their bank account, or to have them automatically reinvested into new Premium Bonds account, if their total holding is below the maximum threshold of £50,000.

Other ways to boost your savings

A Premium Bond may appeal to those who like a the excitement of waiting to find out if they've won, but if you’re a slow and steady saver, there are more reliable ways to grow your money.

Here’s our guide to growing your cash by finding better savings rates , whether that’s through a traditional ISA or peer-to-peer lending.

We’ve also got tips on how to find the best cash ISA , and 3 ways to nab yourself better savings rates .

If you don’t mind a gamble, but like a bit more control, you could find a stocks and shares ISA rewarding - find out more here .

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