The luckiest Premium Bond holder has gained over £1m throughout almost 300 prizes, a Freedom of Data request has proven.
Each month Premium Bond holders are entered right into a draw the place they will win prizes starting from £25 to £1m.
This fortunate bond holder has gained a complete of £1,019,850 throughout 288 prizes and bought their first bond in Could 2002, the Every day Mail revealed.
The winner has taken house the highest £1m prize, in addition to one £10,000 prize, one £1,000 prize, eight £100 prizes, 45 £50 prizes and 232 prizes value £25.
One other bondholder holds the file for extra wins, scoring 408 prizes. However they’ve solely taken house £14,325 as their prizes have been principally made up of £25 wiNS.
Certainly, they’ve taken house 315 prizes value £25, 18 prizes value £100, 75 prizes value £50 and two £500 prizes.
Are Premium Bonds value it?
Premium Bonds are a particularly standard financial savings product – however they don’t essentially supply the very best charges.
To draw extra savers NS&I has hiked its Premium Bond prize fund rate five times in one year, taking it to three.3%.
Meaning there’s an additional £15m in prizes to be gained every month, growing the variety of prizes value £50 to £100,000.
NS&I additionally lately brought back its one-year fixed bonds and boosted the rates on its products to their highest levels in a decade.
What’s extra, the government-backed financial institution might boost its rates further in the coming months after Jeremy Hunt set a brand new, increased fundraising goal for NS&I in his Spring Price range.
However at the moment, there are higher charges on supply. The best savings accounts supply returns of as much as 7%.
In the meantime, the best one-year fixed bonds supply rates of interest of over 4% and easy access accounts are paying over 5%.
Suppliers have gotten extra aggressive because the Bank of England hikes rates. However savers trying to safe the very best offers will have to act fast, as the very best offers don’t stick round for lengthy.