Published On: Sun, Jan 9th, 2022

NS&I explains how to get Premium Bonds prizes faster as new £1million winners announced | Personal Finance | Finance


It comes as more than 3.33 million prizes worth £96,395,075 were paid out this month, with payouts ranging from £25 to £1million. A huge 115,674,095,010 Bonds numbers were eligible for the draw.

If the person wins, they’ll be sent an email or text message.

They will normally get the prize money into their bank account by the seventh working day of the month.

Another option is to have their wins automatically reinvested into more Premium Bonds.

It’s only possible if the person has less than the maximum Premium Bonds holdings.

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NS&I said this could be a “great way of boosting chances of winning again”.

Furthermore, the new Bonds will be eligible to win prizes from the next draw.

The third option is to get a cheque through the post, however NS&I warns this does take longer.

Almost nine in ten prizes are now paid either via direct payments to bank accounts or via automatic reinvestments.

NS&I said these options are a quicker, easier and more secure way to get prizes, compared to getting a cheque.

If a person wins a prize of £5,000 or more, NS&I won’t pay the prize automatically.

Instead, the Government-backed savings provider will send a claim form in the post for the winner to complete, and confirm how they want to be paid.

For the £1million jackpot, NS&I’s Agent Million will visit the winner in person.

In January 2022, the first Bond number drawn was 258VJ570205 and belongs to a winner in Hertfordshire who has the maximum Premium Bonds holding of £50,000.

The other jackpot winner comes from Lancashire and holds £30,000 in Premium Bonds. This winning Bond number was 127VF630970.



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