Home Financial Planning 24 new Premium Bond millionaires created in 2023

24 new Premium Bond millionaires created in 2023

24 new Premium Bond millionaires created in 2023

Premium Bonds have created 24 new prize-winning millionaires in 2023.

There have been 64m Premium Bond prizes drawn in 2023 and whole prize cash paid out to all bond winners topped £4.6bn, in response to government-backed financial savings supplier NS&I.

The bonds pay no curiosity however supply plenty of prizes every month in lieu of curiosity. The bonds supply 100% safety and are backed by the federal government.

NS&I information confirmed:

  • 24 Premium Bonds jackpot millionaires had been created, with one winner from Sheffield having £3,000 invested, the bottom worth for a winner this 12 months. The second lowest was additionally a winner from South Yorkshire with a holding of £4,625
  • The Sheffield winner was the five hundredth particular person to win the £1 million Premium Bonds jackpot because it started in 1994
  • March noticed a landmark of £25 billion paid out in prizes in whole because the first draw on 1st June 1957

NS&I stated that over 111,000 accounts had been opened throughout the 12 months with the minimal £25 with over 52,000 (46%) prospects including to their preliminary £25 funding since then. The typical account steadiness for these new prospects is simply over £10,000.

Greater than 2m folks verify their prizes by way of the NS&I web site every month. ERNIE  – the prize quantity generator – celebrated a birthday in June, marking 66 years because the first Premium Bonds prize attract 1957.

The prize fund fee for Premium Bonds elevated six occasions in 2023, beginning off the 12 months with the January draw at 3% and ending the 12 months at 4.65%.

The January 2023 draw noticed £229.2 million paid out in prizes. By the final draw of the 12 months in December, the prize pot had elevated to £473.4 million.

Essex had three jackpot winners with Norfolk, and Sefton in Merseyside having two winners every. Different winners got here from York, West Midlands, West Sussex, Larger Manchester, West Scotland, Hampshire & the Isle of Wight, Hereford & Worcester, Staffordshire, South Gloucestershire, Nottingham, Somerset, Croydon, Nottinghamshire, Oxfordshire, Sheffield, South Yorkshire and Wiltshire.

Over 80,000 Premium Bonds accounts had been opened for underneath 16s in 2023, which means there are at the moment over 800,000 kids with Premium Bonds with a complete worth of over £2.2 billion.


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