500th Senior Bond Millionaire Wins Grand Prize With £3,000 Holdings

five hundredth Senior Bond Millionaire Wins Grand Prize With £3,000 Holdings

The five hundredth senior bondholder to win the £1 million jackpot has been revealed, having finished so with one of many smallest holdings ever.

The award went to a winner in Sheffield who purchased £3,000 value of high-quality bonds in February 2008.

It was the bottom worth stake to win £1m since August 2021, when a winner in Devon gained the jackpot for £1,001.

Since the £1m jackpot was first introduced in 1994, 500 senior bondholders have become millionaires thanks to a landmark draw in February

For the reason that £1m jackpot was first launched in 1994, 500 senior bondholders at the moment are millionaires due to a landmark attract February

General, this month’s winner takes residence the jackpot and ranks thirty fourth out of all 500 Senior Bond Millionaires For the reason that award was established in 1994.

In July 2004, these with the bottom holdings gained a senior bond of simply £17 to their title.

>> View the full list of Senior Bond winners

The premium bond bonus fund charge was at 3.15% in February – the best stage in 14 years after NS&I raises interest rates twice in a row.

This month’s draw will award virtually 5 million prizes value virtually £314 million, that means an additional £15 million in tax-free prizes will likely be paid out in comparison with final month.

It was additionally introduced this month that the 499th jackpot winner is a person residing in Sefton, Merseyside, who holds the £30,000 prize. They purchased the successful bonds in Might 2006.

NS&I retail director Jill Waters stated: “February 2023 will likely be a memorable month for senior bonds.

“Not solely are prize charges at their highest stage in 14 years, however due to in the present day’s landmark draw, we have now created a staggering 500 senior bond millionaires since 1994.

“What a narrative for the five hundredth £1million winner – the Sheffield shopper held £3,000 in senior bonds, the bottom worth since launch to win the coveted jackpot One of many holdings.

“The funding they made 15 years in the past has paid off for them and our Sefton winners purchased their successful Bond virtually 17 years in the past.”

Feast of 20 folks to win the £1m jackpot since 1994
quantity draw month holding worth space date of buy Days between buy and win (utilizing month 1)
1 July 04 £17 London February 59 16587
2 January 15 £400 Yorkshire and Humberside August 8 2344
3 October 08 £400 Scotland October 6 731
4 March 95 £476 East November 93 485
5 January 10 £500 London December 87 8067
6 October 95 £500 southwest December 94 304
7 April 13 £575 London August 89 8644
8 January 98 £710 west midlands December 81 5875
9 August 97 £800 northwest Jun-87 3714
10 July 94 £904 northeast October 78 5752
11 April 14 £1,000 northeast November 11 882
12 July 95 £1,000 southwest November 92 972
13 August 21 £1,001 southwest July 20 396
14 December 6 £1,010 Yorkshire and Humberside February 3 1399
15 December 95 £1,026 southwest October 95 61
16 November 10 £1,050 Yorkshire and Humberside July 06 1584
17 March 01 £1,300 southeast 00 month 151
18 November 97 £1,379 west midlands August 87 3745
19 November 94 £1,380 west midlands August 87 2649
20 February 98 £1,550 London July 83 5329

Are Premium Bonds Higher than Normal Financial savings?

Premium Bonds are probably the most well-liked financial savings merchandise within the US and will show to be the best residence for folks to begin saving habits, with a minimal funding of simply £25 to get began.

It can be an excellent residence for one to avoid wasting for a wet day. Withdrawals from Premium Bonds take two enterprise days, that means it may be thought-about an easy-access account – though barely slower than normal instant-access financial savings transactions.

Prime Bonds: How Do They Work?

Clients purchase bonds priced at £1 every, however should now purchase at the very least £25 at a time.

Each month, each bond goes right into a lottery.

The chances of successful on every £1 bond are 24,000 to 1.Verify successful bonds by us month-to-month Senior Bond Form.

Clients can money out their bonds at any time, to allow them to be thought-about much like an easy-access financial savings account, however savers have to attend just a few days to withdraw money from Premium Bonds.

All prizes are tax-free.

> Should I buy senior bonds or open an easy access savings account?

The chances of successful on every £1 bond will stay at 24,000 to 1, with latest modifications that means the variety of prizes value £50 to £100,000 will now enhance.

The Premium Bonds bonus fund charge of three.15% compares favorably with different simply accessible offers in the marketplace. There’s just one easy-to-get deal providing a better charge proper now.

– Check out the most convenient savings rates here.

Nevertheless, the three.15% bonus charge is a median charge of return and savers could do higher or worse than this.

Final week, That is Cash editor Simon Lambert requested if Senior bonds are the best place to save with ease right now.

“Senior bonds outperform the most effective no-strings-attached bonds,” he stated. Easy Access to Savings Transactions And throughout the topmost whiskers.

‘Will you get a median charge of return? After all, it is determined by luck, in fortunate years you would do significantly better than the quoted 3.15%, and in unfortunate years you would do a lot worse.

“Nevertheless, there may be one caveat right here, which requires a faculty math assessment: the senior bond bonus fund charge is a median, reflecting the ratio of the entire bonus paid to every particular person to the quantity held by all bonds.

‘The issue with this one, as with all common, is that it may be distorted by huge and small numbers at both finish, or something that is uneven.

“A fairer manner of stating the speed of return is to provide the median, which is the center place of all holders, and a pair of £1 million jackpots, plus 59 x £100,000 bonuses and 117 x £50,000 bonuses , that means that the median have to be decrease than the imply.

“The possibilities of successful the lottery on any £1 bond are 1 in 24,000 and the extra senior bonds you maintain, the higher your possibilities of successful.”

Senior bond pump costs rise from January to February

prize worth

£1 million













prizes for january






1,116 folks








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