Luckiest NS&I Premium Bond holder has won nearly 300 prizes!
New data revealed the luckiest premium bond holder has won over £1m across 288 prizes.
![woman celebrating](https://cdn.mos.cms.futurecdn.net/nYPj7ddBywKyjKaKv5bFn3-415-80.jpg)
The luckiest Premium Bond holder has won over £1m across nearly 300 prizes, a Freedom of Information request has shown.
Every month Premium Bond holders are entered into a draw where they can win prizes ranging from £25 to £1m.
This lucky bond holder has won a total of £1,019,850 across 288 prizes and purchased their first bond in May 2002, the Daily Mail revealed.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The winner has taken home the top £1m prize, as well as one £10,000 prize, one £1,000 prize, eight £100 prizes, 45 £50 prizes and 232 prizes worth £25.
Another bondholder holds the record for more wins, scoring 408 prizes. But they have only taken home £14,325 as their prizes were mostly made up of £25 wiNS.
Indeed, they’ve taken home 315 prizes worth £25, 18 prizes worth £100, 75 prizes worth £50 and two £500 prizes.
Are Premium Bonds worth it?
Premium Bonds are an extremely popular savings product – but they don’t necessarily offer the best rates.
To attract more savers NS&I has hiked its Premium Bond prize fund rate five times in one year, taking it to 3.3%.
That means there’s an extra £15m in prizes to be won each month, increasing the number of prizes worth £50 to £100,000.
NS&I also recently brought back its one-year fixed bonds and boosted the rates on its products to their highest levels in a decade.
What’s more, the government-backed bank could boost its rates further in the coming months after Jeremy Hunt set a new, higher fundraising target for NS&I in his Spring Budget.
But currently, there are better rates on offer. The best savings accounts offer returns of up to 7%.
Meanwhile, the best one-year fixed bonds offer interest rates of over 4% and easy access accounts are paying over 5%.
Providers have gotten more competitive as the Bank of England hikes rates. But savers looking to secure the best deals will have to act fast, as the best deals don’t stick around for long.
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Nic studied for a BA in journalism at Cardiff University, and has an MA in magazine journalism from City University. She joined MoneyWeek in 2019.
-
Could Labour impose a “double death tax” of more than 50%?
Speculation is mounting that capital gains tax will be reformed in the Budget - and one option is to charge bereaved families the tax on top of inheritance tax. We explain how it could work
By Ruth Emery Published
-
Government launches GB Energy – can it cut bills and boost the economy?
The clean power company’s first project will involve building offshore wind farms on land leased from the Crown Estate. Will it supercharge the economy and lower our energy bills?
By Katie Williams Published
-
Act now to bag NatWest-owned Ulster Bank's 5.2% easy access savings account
Ulster Bank is offering savers the chance to earn 5.2% on their cash savings, but you need to act fast as easy access rates are falling. We have all the details
By Marc Shoffman Last updated
-
Moneybox raises market-leading cash ISA to 5%
Savings and investing app MoneyBox has boosted the rate on its cash ISA again, hiking it from 4.75% to 5% making it one of top rates. We have all the details.
By Ruth Emery Published
-
October NS&I Premium Bonds winners - check now to see what you won
NS&I Premium Bonds holders can check now to see if they have won a prize this month. We explain how to check your premium bonds
By Kalpana Fitzpatrick Published
-
October’s NS&I Premium Bond winners revealed - have you scooped £1 million?
Two lucky NS&I Premium Bond winners are now millionaires this October. Find out here you are one of them
By Kalpana Fitzpatrick Published
-
Bank of Baroda closes doors to UK retail banking
After almost 70 years of operating in the UK, one of India’s largest bank is shutting up shop in the UK retail banking market. We explain everything you need to know if you have savings or a current account with Bank of Baroda
By Vaishali Varu Published
-
The best options to earn cashback on spending
From credit cards and current accounts to cashback websites, there are plenty of ways to earn cashback on the money you spend.
By John Fitzsimons Published
-
Should you retire abroad?
Check the regulations governing pension savings carefully before you decide to retire abroad.
By David Prosser Published
-
John Lewis mulls buy now, pay later scheme
The CEO of John Lewis has said the retailer will consider introducing buy now, pay later initiatives for lower-priced items.
By Pedro Gonçalves Published