Premium Bonds: NS&I updates price checker for July 2022 – how to check | Personal finance | Finance

Announced on Friday July 1, NS&I revealed that one person in London and another in Surrey had each won the jackpot. The group is also updating its prize checker which allows bondholders across the country to check if they have won a prize ranging from £25 to £100,000. July’s first winning bond, 210ST236184, was bought in August 2013 by someone in central London, who held £30,000 in premium bonds.

They are the seventh winner from the region.

The second July prize winner came from Surrey and held £22,350 in bonds.

Their winning Bond is number 471RR305957 and was purchased in September 2021.

The win makes them Surrey’s 28th premium bond millionaire.

In July, 4.8 million prizes were paid, with a total value of £138 million, and 118 billion bond numbers were eligible for the draw.

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Premium bonds must also be held for a full calendar month before they can be entered into the monthly raffle.

NS&I says premium bonds are the most popular savings product in the UK, with around 21 million people saving this way.

NS&I Premium Bonds are a savings account where people can deposit and withdraw money, where interest is not paid, but where savers can win money in a monthly raffle.

Individuals must be 16 to purchase, but below that age may be purchased and held on behalf of under 16s by parents or guardians.

The minimum amount people can invest in premium bonds is £25 and the maximum is £50,000.

Premium bonds also cannot be passed on the death of a person, but they will remain eligible to earn for 12 months after their death.

If one of the bonds wins a prize before the 12-month limit, it can still be claimed without a time limit.

In June this year, money-saving expert Martin Lewis said in a blog post that premium bonds were “all about your mindset”.

He said: “They protect your money, so even if the returns don’t seem like a good bet, you can put an insignificant part of your money into it, as long as you know it’s more for fun than for. the returns.

“Before deciding, use the calculator to look at the actual odds. If you’re ready to take the bet after that, then that’s fine.

Virginia C. Taylor