NS&I issues alert to anyone with £25 worth of Premium Bonds

Premium Bonds November 2024 results have been revealed - with the group urging people who have £22 or more worth of Bonds to check whether they've won a massive price. National Savings and Investments, which runs Premium Bonds, and is backed by the Treasury, says the first big winner for this month is from Warwickshire, who held £50,000 in Premium Bonds.

The winning bond number, 286CJ469715, was purchased eight years ago in November 2016 and had a value of £25. The second new millionaire came from Cornwall and had £38,000 invested in Premium Bonds having bought the winning bond, 567MN061686, in January of this year.

It had a value of £15,000. Second prize of £100,000 was won by 90 people overall - all of which were holding more than £35,000 in Premium Bonds. And one winner of £50,000 had only £22 worth of Premium Bonds in their account.

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This month, National Savings & Investments (NS&I) handed out six million prizes worth a total of £463million. It comes in the week it emerged NS&I delivered £2.6 billion of Net Financing in Q2 2024-25 and £0.7 billion of Net Financing in Q1 2024-25, giving a half-year total of £3.3 billion. The figures are part of NS&I’s unaudited quarterly results for the first half (April-September 2024) of the financial year 2024-25.

The Spring Budget in March 2024 set NS&I’s Net Financing target for 2024-25 at £9.0 billion (+/- £4 billion). NS&I is one of the largest savings organisations in the UK, offering a range of savings and investments to more than 24 million customers.

All products offer 100% capital security, because NS&I is backed by HM Treasury. Net Financing is the measure of the net change of NS&I funds, meaning total inflows from deposits, retention of maturing monies and capitalised and accrued interest, less the total outflows from withdrawals and interest or Premium Bonds prize draw payments.