In the UK there are around 21 million people with Premium Bonds all hoping to win big in the monthly prize draw.
First introduced in 1956, Premium Bonds are an investment product which is issued by National Savings and Investments (NS&I).
Premium Bonds can help earn interest or a regular dividend income and the monthly prize draw means you’re in with the chance to win between £25 to £1 million of tax-free money.
There are only two £1 million winners every month, with other prizes including amounts of £100,000 or £100, many use Premium Bonds accounts as a way to save money whilst being in with a chance to earn.
When are Premium Bonds drawn each month?
Prizes for Premium Bonds are drawn at the start of the month, often the first day of the month unless that day is a bank holiday or on the weekend.
If the 1st of the month lands on a weekend of bank holidays, then the prize draw will take place on the next possible day.
For example, if the start of the new month is a Saturday, Premium Bonds winners will be announced on Monday.
Elsewhere, if the start of the month is a bank holiday, then the prize draw will next possible day, likely on Tuesday.
How to check if you have won on Premium Bonds
You can check your account via the NS&I website.
Prize draws are conducted every month and prizes of up to £1,000,000 are given away.
RECOMMENDED READING
What are Premium Bonds, how much interest do they pay and how do they work?
To find out if you have ever won a Premium Bonds prize, you will need to dig out your holder's information and head over to the prize checker.
You will need your holder’s number which you can find on your bond record, or in the app.
You can also use your NS&I number which you should be able to find on any communication about your bonds.
Why are you making commenting on The National only available to subscribers?
We know there are thousands of National readers who want to debate, argue and go back and forth in the comments section of our stories. We’ve got the most informed readers in Scotland, asking each other the big questions about the future of our country.
Unfortunately, though, these important debates are being spoiled by a vocal minority of trolls who aren’t really interested in the issues, try to derail the conversations, register under fake names, and post vile abuse.
So that’s why we’ve decided to make the ability to comment only available to our paying subscribers. That way, all the trolls who post abuse on our website will have to pay if they want to join the debate – and risk a permanent ban from the account that they subscribe with.
The conversation will go back to what it should be about – people who care passionately about the issues, but disagree constructively on what we should do about them. Let’s get that debate started!
Callum Baird, Editor of The National
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel