Premium Bonds winners August 2023: Winning NS&I numbers this month and how to check if you won.
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Premium Bonds are one of the UK’s most popular ways to save, and can be a fun option as long as you’re happy to accept that there’s no guarantee they will offer a consistent income.
The bonds are offered by National Savings and Investment (NS&I), a savings bank owned by the Government.
Instead of earning regular interest on their money in the usual way, holders of the bonds are entered into a random draw at the start of every month, with tax-free prizes worth between £25 and £1m. This month’s Premium Bonds jackpot winners come from Hereford and Worcester, and Essex.
The first bond number drawn was 522MP682337 and is held by a winner based in Hereford and Worcester. The winner has the maximum holding of £50,000 in Premium Bonds, and purchased their winning bond just last year in December 2022. They become the 11th winner in Hereford and Worcester.
The second millionaire bought their Bonds just a few months ago and is based in Essex. The number drawn was 535RC655361. The winner has £23,700 in Premium Bonds and purchased their winning bond in April 2023. This win makes them the 22nd millionaire from Essex.
Jill Waters, NS&I retail director, said: “Congratulations to our two millionaires from Hereford and Worcester and Essex. Both of our winners waited under a year to win the jackpot, with one winning after eight months and the other after just four months. This shows that big prizes can be won at any time, regardless of how long you’ve had your Premium Bonds. We hope each of our millionaires enjoys their winnings. “The Premium Bonds prize fund rate has now hit 4 per cent, the highest it’s been since 2007, meaning we’ll be paying out over £404m in prizes this month to lucky winners up and down the country.”
At the start of this year, the interest rate of its prize fund rose from 2.2 per cent to 3 per cent, before increasing further to 3.3 per cent.
In July it took a further hike, to 3.7 per cent, but there will be yet another jump to 4 per cent from August.
A holder’s odds of winning remained at 24,000 to 1 in July, though were more £100,000, £50,000, £25,000, £10,000 and £5,000 prizes available.
However, from August the odds of winning increase to 22,000 to 1. NS&I estimates that the August changes will see an extra £30m added to the prize fund, with 460,000 extra prizes up for grabs.
NS&I chief executive Dax Harkins said: “I’m delighted that we’re able to improve the odds to the best they have been in almost 15 years, with more prizes, more excitement and more life-changing wins for savers up and down the country.
“These changes will benefit millions of NS&I’s savers who have money in Premium Bonds, Direct Saver and Income Bonds.”
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