NS&I Premium Bonds draw – when to check if you won
NS&I Premium Bonds winners will be announced tomorrow morning (1 November). We look at how to check you won a prize in November's draw.
NS&I will reveal this month's Premium Bond winners this morning (1 November). With prizes ranging from £25 to £1m – we explain when you can check to see what you may have won?
National Savings and Investments (NS&I) has handed out 643 million prizes worth £27bn since the first draw in 1957. In September alone, ERNIE handed out 5,782,602 prizes worth £470,559,225.
Two lucky bondholders become millionaires every month, but thousands of other customers receive prizes from £25.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
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
We explain how to check if you’ve won this month and whether now is a good time to buy Premium Bonds.
Did you win in November’s NS&I Premium Bonds draw?
You can check if you won – as well as any prizes on offer on any given month, any winnings you may have had over the past six months, and any unclaimed prizes you might have – on the NS&I app, available on Android or iOS, and the official prize checker page on the NS&I website.
For the November draw, you can check from 2 November.
You can also set up your Amazon Alexa smart speaker to let you know. Just activate the prize checker skill on the Alexa app and enter your NS&I number. After that, Alexa will keep you up to date.
How will NS&I prizes be paid to me?
Prizes will be paid into bank accounts or reinvested into premium bonds, as this is far quicker and safer than waiting for a cheque in the post.
You can set up automatic payments on the NS&I website.
Should you buy Premium Bonds?
NS&I has been hiking the rates on its products lately as it tries to keep up with the rates on the best savings accounts.
The savings provider hiked its Premium Bond prize fund rate to a 24-year high in August, meaning the odds of winning will improve from 22,000 to 1 to 21,000 to 1.
Additionally the minimum investment of £25 makes Premium Bonds an easy way to start saving.
But it’s worth remembering that you won’t earn any money on your investment. If you’d like to earn a return, NS&I has boosted the rate on its one-year fixed bonds to 6.20%.
It also boosted the rate on its Green Savings Bonds to 5.7%.
The best savings accounts are offering rates of up to 7% too, so it’s always worth shopping around to make sure you’ve found the best home for your money.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
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.
-
ChatGPT turns two: how has it impacted markets?
Two years on from ChatGPT’s explosive launch into the public sphere, we assess the impact that it has had on stock markets and the world of technology
By Dan McEvoy Published
-
4Imprint makes a strong impression – should you buy?
4Imprint, a specialist in marketing promotional products, is the leader in a fragmented field
By Dr Mike Tubbs Published
-
Millions of unclaimed Premium Bond prizes. Could some be yours?
More than £84 million sits in unclaimed Premium Bond prizes. Could some of this money be yours? Here's how to find out.
By Vaishali Varu Last updated
-
One-year fixed savings drop below 6% - have they reached their peak?
The best one-year fixed-rate savings deals have fallen below the 6% mark. Find out if saving rates have reached their peak and the current top rates on the market.
By Vaishali Varu Published
-
NS&I cuts interest rate on Green Savings Bonds - where can you get a better deal?
News The state-backed bank has slashed the interest rate on its Green Savings Bonds from 5.7% to 3.95%
By Marc Shoffman Published
-
November NS&I Premium Bonds winners - check now to see what you won
If you have money saved in NS&I Premium Bonds you can now check to see whether you have won a prize in the November prize draw. Here’s how to check your Premium Bonds.
By John Fitzsimons Published
-
October NS&I Premium Bond winners - have you claimed your prize yet?
October NS&I Premium Bond winners were announced earlier this month - but have you claimed your prize yet? Here’s how to check you have not missed out
By Vaishali Varu Published
-
Act fast: HSBC to pull its 5.7% one-year bond
Savers have until Wednesday to apply for HSBC’s one-year fixed-rate bond. The withdrawal of the account follows NS&I’s decision to pull its market-leading one-year bonds earlier this month. We explain why you need to act fast to secure the best rates.
By Ruth Emery Last updated
-
NS&I withdraws market-leading 6.2% one year fixed bond - what are the alternatives?
National Savings & Investments (NS&I) has now dropped its one year fixed bond paying a table topping 6.2% interest rate a month after launch. Here’s where to find the next best alternative for one year fixed savings
By Kalpana Fitzpatrick Last updated
-
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