Over £25bn in Premium Bonds prizes have now been paid out to winners since the first ever draw in 1957, as March’s £1m jackpot winners were announced as coming from Nottinghamshire and Oxfordshire. 

A record £330m will be paid out in prizes in this month’s draw thanks to the increase in the prize fund rate to 3.3 per cent, the highest rate in over 14 years. It is the fifth increase to the prize fund rate that NS&I has made in less than a year.

The first bond number drawn for the March 2023 prize draw was 417YB876187 and is held by a winner based in Nottinghamshire. The winner holds £50,000 in Premium Bonds and purchased their winning bond in October 2020. They become the 12th millionaire chosen from Nottinghamshire.

The second winning bond number drawn was 319WC638508 and belongs to a winner in Oxfordshire. The winner holds £30,284 in Premium Bonds and purchased their winning bond in January 2018. They become just the second £1m jackpot winner to come from Oxfordshire.

How do I know if I’ve won?

If you hold Premium Bonds and want to check if you’ve won a prize in the latest monthly draw, you can use the NS&I online prize checker here.

Alternatively, you can download the free app from iOS or Android, while Amazon Alexa devices can also check for you, “remembering” back across the past six prize draws.

To check on your bonds, you will need your unique holder’s number, which can be found on your bond record or by logging into your account on the NS&I website. It will have either nine of 10 digits, or be an eight-digit number with a letter at the end.

Prizes don’t carry a time limit, so you can claim as far back as the original 1957 draw.

According to MoneySavingExpert, as of November 2021, there were more than two million unclaimed Premium Bond prizes, with a total value of almost £75m.

To reduce the potential for leaving prizes unclaimed, Premium Bond holders can opt to have them paid directly in their bank account or automatically reinvested into more bonds.

NS&I says that almost nine in 10 prizes are now paid this way, and you can find out more details here.

More on Premium Bonds

How do I buy Premium Bonds?

You can buy Premium Bonds for yourself or for a child under 16 online here, or you can call NS&I free on 08085 007 007, from 7am to 10pm every day. You’ll need to have your debit card details ready.

Alternatively, you can apply by post at NS&I, Sunderland SR43 2SB, using an application form that you can find and print here.

Each bond is £1, but you need to pay in a minimum of £25 for each investment. The maximum amount you can hold in Premium Bonds is £50,000.

If you think there is a chance that you could have Premium Bonds, but you are not sure, there is a tracking service on the NS&I website.

To check if you have any bonds you need to fill out a form with your personal details and send it off. If you do have Premium Bonds, then you will be contacted.

By admin