Premium Bond saver wins £50,000 prize with a £10 bond purchased in 1990!

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One Premium Bond holder turned £10 into £50,000 in this month’s draw, equating to a return of 499,900 per cent.

The winner, from Essex, purchased the winning £10 bond in June 1990 and has since added no additional funds to the National Savings and Investments Account.

At the time, Kylie Minogue was dominating the charts with Better the devil you know and Julia Roberts starred in a box office hit A pretty woman.

Other lucky premium bond winners this month include two who made their purchases in 2023.

SEE THE FEBRUARY 2024 WINNING BONDS BELOW

A premium bond saver has won big with a £10 bond bought in June 1990 when Kylie Minogue was dominating the UK charts with hit Better The Devil You Know.

A premium bond saver has won big with a £10 bond bought in June 1990 when Kylie Minogue was dominating the UK charts with hit Better The Devil You Know.

A Cambridgeshire-based premium bond holder has won a £100,000 prize on £2,500 worth of bonds purchased in August 2023.

Another winner, based in Brighton and Hove, pocketed £100,000 on a bond worth £5,795 purchased in February 2023.

The coveted £1 million jackpot was won by premium bond holders from Dorset and the London Borough of Wandsworth.

The Dorset winner owns £28,501 in bonds, with the winning bond purchased in March 2008. The Wandsworth jackpot winner owns a total of £10,400 in bonds, with the winning bond purchased in May 2021.

Premium Bond Winners

Price Area Bond value
£1,000,000 Dorset £5,000
£1,000,000 Wandsworth £10,000
£100,000 Brighton and Hove £4,745
£100,000 North East Scotland £10,000
£100,000 Essex £25,000
£100,000 Cleveland £175
£100,000 Exterior of London £20,000
£100,000 Inner London £1,000

More winners from February 2024

See the list of winners for February 2024

For this drawing, the underlying winning rate for Premium Bonds was 4.65 percent and the odds of winning a prize are 21,000 to 1.

But the the prize fund will be reduced to 4.4 percent and will take effect from next month’s drawing.

NS&I says the reduction is due to its “need to balance the interests of our savers, taxpayers and the stability of the financial services sector as a whole”.

Premium bond savers will not see the odds drop and they will remain at 21,000 to 1.

It does this by slashing the biggest prizes – excluding the two £1m bids – and adding in much bigger winnings of £25.

For example, there are expected to be 85 prizes of £100,000 in March compared to 91 in January. Meanwhile, there will be 1,425,338 £25 prices in March compared to 1,037,784 in January, an increase of 37.3 per cent.



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