Two lucky people have just woken up £1million richer after scooping this month's Premium Bonds jackpot.
The first prize win went to a resident from Bristol who picked up a cool £1million, just three months after opening his account. The man has £43,590 invested altogether.
The second second million-pound prize went to a man from Wiltshire. His winning Bond was bought in September 2018 - he’s the ninth person from Wiltshire to pocket the jackpot.
In the May 2021 prize draw, a total of 3,123,205 prizes worth £89,792,075 will be paid out.
Customers can check to see if they have won on the nsandi.com prize checker, prize checker app or via Alexa from May 5, 2021.
Customers will need their Premium Bond number to use the website and their NS&I number or holder's number to check via the app.
National Savings and Investments, which runs Premium Bonds, says there are now more than £64million worth of prizes unclaimed from Premium Bonds waiting for people to bank.
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.
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.
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.
