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.
-
Tesla earnings: live preview and analysisCan the electric car-maker overcome a big deliveries miss ahead of earnings?
-
Can I shield my ISAs from inheritance tax?Many investors and savers will be wondering if there’s anything they can do to protect their ISAs from inheritance tax, especially as pensions will become liable for the levy from April 2027. We reveal the options available to ISA customers
-
Premium Bond winners – who won the November £1 million jackpot?NS&I unveils November’s Premium Bond winners. Who bagged the jackpot and what other prizes are on offer?
-
NS&I to cut Premium Bond prize rate to 4.15%The odds of winning a prize will fall to 22,000 to 1 for the December draw, while NS&I is also slashing the rates on other savings products. We have all the details
-
Premium Bond winners – who drew the October £1 million jackpot?NS&I unveils October’s Premium Bond Winners. Who bagged the £1million jackpot and what other prizes are on offer?
-
Premium Bond winners – who won the September £1m jackpot?NS&I reveals September's Premium Bond Winners. Who won £1million in this month’s draw and what other prizes are up for grabs?
-
August Premium Bond winners – who won the £1m jackpot?Two lucky NS&I Premium Bond winners have bagged £1million. See what you have won this month
-
NS&I overshoots financing target - could we see more Premium Bond rate cuts?Are NS&I Premium Bond prize fund rate cuts on the horizon? An attractive one-year savings bond plus ever-popular Premium Bonds meant NS&I raised too much money for the government last year
-
July Premium Bond winners – did you bag the £1m jackpot?NS&I has revealed two lucky millionaires in the July draw. Did you win and how can you check for prizes?
-
June Premium Bond winners – did you become a millionaire?Two lucky Premium Bond winners have bagged the £1million jackpot. Did you win and how do you check for prizes?
