Latest news with #AndrewWesthead
Edinburgh Live
4 days ago
- Business
- Edinburgh Live
Lucky Edinburgh resident wins £1m jackpot as Premium Bond winners announced
Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info An Edinburgh resident hit the jackpot today when Premium Bond results for June 2025 were released, revealing a capital local had won the coveted £1 million prize. Two winners earned the £1 million jackpot with one in Edinburgh along with another lucky bond holder in Stockport. The Premium Bond holder living in the capital held the bond number 352AC359547. This person also holds £50,000 in Premium Bonds and they bought their winning bond in February 2019. June's second big winner from Stockport held the maximum of £50,000 in Premium Bonds. Their winning bond 103FE583469 was purchased in November 2005. There were 131,438,233,006 bond numbers eligible for the draw, reports the Mirror. A total of 5,974,465 prizes worth £416,221,075 will be paid out in the June 2025 prize draw. Andrew Westhead, NS&I Retail Director, said: "A huge congratulations to our winners in Edinburgh and Stockport. It's particularly exciting to see Edinburgh celebrate its first jackpot win in eight years, while Stockport marks its second jackpot winner in Premium Bonds history. 'It's not just about the jackpot winners though. This month, ERNIE awarded over 5.9 million prizes worth more than £416 million, giving many Premium Bonds holders across the country an exciting summer boost.' Premium Bonds are a savings product run by National Savings & Investment (NS&I) but instead of getting interest on your money, you're entered into a monthly prize draw. The prizes start at £25 and go up to £1million - but some months, you may not win anything at all. You get a unique bond number for every £1 invested, and the maximum you can have saved in Premium Bonds is £50,000. The odds of a bond winning each month are 22,000 to 1 for every £1 bond - but most prizes are for smaller amounts. The prize fund rate - which is described as the the nearest thing Premium Bonds has to an interest rate - is currently 3.80% You can use the NS&I online prize checker tool, or the Premium Bonds prize checker app, to see if you've won. If you're a winner, you can have the money paid into their bank account, or reinvest it into new Premium Bonds. You should be emailed or sent a text message from NS&I if you win. Premium Bonds are held by around 22.7 million people. The below shows how much of each Premium Bond prize was distributed to winners in June 2025. £1,000,000 - 2 £100,000 - 79 £50,000 - 159 £25,000 - 317 £10,000 - 792 £5,000 - 1,585 £1,000 - 16,649 £500 - 49,947 £100 - 1,853,552 £50 - 1,853,552 £25 - 2,197,831
Daily Mirror
4 days ago
- Business
- Daily Mirror
NS&I Premium Bond winners for June 2025 announced including two £1million prizes
Premium Bonds are a savings product run by National Savings & Investment (NS&I) but instead of getting interest on your money, you're entered into a monthly prize draw Premium Bond results for June 2025 have been release today - including the winners of two £1million prizes. The first person who is now £1million richer lives in Stockport and they hold the maximum of £50,000 in Premium Bonds. Their winning bond 103FE583469 was purchased in November 2005. The second £1million prize has gone to one Premium Bond holder living in Edinburgh with the bond number 352AC359547. This person also holds £50,000 in Premium Bonds and they bought their winning bond in February 2019. A total of 5,974,465 prizes worth £416,221,075 will be paid out in the June 2025 prize draw. There were 131,438,233,006 bond numbers eligible for the draw. Have you won big on Premium Bonds and want to share your story? Let us know by emailing: Andrew Westhead, NS&I Retail Director, said: "A huge congratulations to our winners in Edinburgh and Stockport. It's particularly exciting to see Edinburgh celebrate its first jackpot win in eight years, while Stockport marks its second jackpot winner in Premium Bonds history. 'It's not just about the jackpot winners though. This month, ERNIE awarded over 5.9 million prizes worth more than £416 million, giving many Premium Bonds holders across the country an exciting summer boost.' Premium Bonds are a savings product run by National Savings & Investment (NS&I) but instead of getting interest on your money, you're entered into a monthly prize draw. The prizes start at £25 and go up to £1million - but some months, you may not win anything at all. You get a unique bond number for every £1 invested, and the maximum you can have saved in Premium Bonds is £50,000. The odds of a bond winning each month are 22,000 to 1 for every £1 bond - but most prizes are for smaller amounts. The prize fund rate - which is described as the the nearest thing Premium Bonds has to an interest rate - is currently 3.80% You can use the NS&I online prize checker tool, or the Premium Bonds prize checker app, to see if you've won. If you're a winner, you can have the money paid into their bank account, or reinvest it into new Premium Bonds. You should be emailed or sent a text message from NS&I if you win. Premium Bonds are held by around 22.7 million people. Premium Bond prizes June 2025 The below shows how much of each Premium Bond prize was distributed to winners in June 2025. £1,000,000 - 2 £100,000 - 79 £50,000 - 159 £25,000 - 317 £10,000 - 792 £5,000 - 1,585 £1,000 - 16,649 £500 - 49,947 £100 - 1,853,552 £50 - 1,853,552 £25 - 2,197,831
Wales Online
03-05-2025
- Business
- Wales Online
Premium Bonds results in Wales see 125 people get huge payouts
Premium Bonds results in Wales see 125 people get huge payouts The UK-wide May prize fund was a huge £413m and in Wales 125 people won £5,000 or more with two people each bagging £100,000 Dozens of lucky people in Wales have scooped more than £1.8m in prizes in the Premium Bonds draw for May. The big winners included two people who won £100,000, 12 who received a cheque for £50,000, another 16 who claimed £25,000, while 37 won £10,000 and a further 58 received £5,000. A huge £1.8m was won in Wales this month by those 125 people with an average winning of £14,880. The UK-wide Premium Bonds prize fund for May stood at £413m, with two lucky winners, from Derbyshire and Suffolk, each scooping jackpot prizes worth £1m. More than 5.9m prizes were handed out this month with the prize fund rate standing at 3.8%. For money-saving tips sign up to our Money newsletter here . Andrew Westhead, NS&I retail director, said: "We're thrilled to congratulate our two newest millionaires from Derbyshire and Suffolk this month, each receiving a life-changing £1m jackpot. "May has been incredibly rewarding for Premium Bonds holders across the country with over 5.9m prizes worth more than £413m paid out including 79 winners who are now £100,000 better off. "Checking if you've won couldn't be simpler. Just use our prize checker app or visit our website." Article continues below How to check if you've won Premium Bonds prizes Winners should receive an email or text from NS&I if they win but those who hold Premium Bonds can also check through the NS&I website or the prize checker app. On the NS&I website holders will need their Premium Bonds holders' number and on the app they will need either that or their NS&I number. Any unclaimed prizes will also be visible. There are currently, 2,547,426 Premium Bonds prizes worth more than £97m waiting to be claimed. How do Premium Bonds prize draws work? For every £1 bond customers are entered into a monthly draw with opportunities to win tax-free prizes from £25 to £1m. Holders must have a minimum investment of £25. Premium Bonds don't pay interest but offer the chance of winning tax-free prizes and savings backed by the HM Treasury. There are three values of prize bands, known as higher, medium and lower, and each band gets a percentage share of the monthly prize fund. Article continues below In the high band prizes range from £1m to £5,000 and the medium and lower bands give holders the opportunity to win between £1,000 and £500 and £100 and £25 respectively. The Mirror recently reported that a new freedom of information (FOI) request revealed nearly two-thirds of Premium Bondsholders have never won a prize.
Yahoo
01-04-2025
- Business
- Yahoo
Check to see if you were a Premium Bonds draw winner this April
Were you one of the winners in April's National Savings and Investments (NS&I) premium bonds draw? Once again, two lucky players won £1m each this month. The first winning bond number drawn was 494WG724922 and is held by a winner based in South Yorkshire. The winner has £43,165 in premium bonds and purchased their winning bond in March 2022. They become the third jackpot winner from South Yorkshire. The second winning bond number drawn was 418AW560890 by a new millionaire from Hertfordshire. The winner holds £50,000 in premium bonds and purchased the winning bond in October 2020. To date, they are the 17th premium bonds jackpot millionaire from Hertfordshire. Andrew Westhead, NS&I retail director, said: "Huge congratulations to our winners in South Yorkshire and Hertfordshire – these April jackpots highlight the life-changing potential of premium bonds for savers everywhere. "It's not just about the jackpot millionaires – this month, ERNIE [the random number generator] awarded more than 5.9 million prizes worth over £412m, giving many customers something to smile about. 'Premium bonds holders can check if they've won a prize from 2nd April on our quick and easy NS&I prize checker app." Read more: What are the odds of winning a premium bonds prize? Unlike other investments, where investors earn interest or a regular dividend income, bonds are entered into a monthly prize draw where people can win between £25 and £1m. All premium bonds prizes are free of UK income tax and capital gains tax. The chances of all bonds winning are the same, regardless of when or where they were bought. Even if you did not get a winning ticket this time, be sure to check for any unclaimed prizes. Prizes do not expire, meaning you can claim as far back as the original 1957 draw. Premium bond holders can reduce the chances of their prizes going unclaimed by managing their premium bonds online or opting to have any prizes paid directly into their bank accounts by BACS, with notification by email. In South Yorkshire, there are 23,241 unclaimed prizes worth £867,850. The largest unclaimed prize in the region is worth £25,000 and is from the November 2022 draw. The oldest win dates back to 1957 by someone who holds £100. In Hertfordshire, there are 56,335 unclaimed prizes worth £2,083,850. There are two unclaimed £25,000 prizes, from June 2023 and September 2021. There are also two £10,000 prizes waiting to be claimed and six £5,000 prizes. Read more: Gold climbs to new highs as investors brace for Trump tariffs Overall in the UK, there are currently 2,547,426 unclaimed premium bonds prizes worth £97m waiting to be claimed. A total of 5.91 million prizes worth £412m will be paid out in the April prize draw. There were 130,108,160,431 bond numbers eligible for the draw. Customers can check the premium bonds prize checker on the NS&I website or download the app to see if they have won. The odds of any £1 bond number winning a prize are 22,000 to one. The prize fund rate for premium bonds was reduced from 4% to 3.8% from the April 2025 prize draw. Still, the odds of winning will remain the in to access your portfolio
Yahoo
18-02-2025
- Business
- Yahoo
Bad news for Premium Bonds holders as winning prize pot cut
Premium Bonds big winners will be cut as fewer £100,000 prizes will be available from the April 2025 draw, NS&I has announced. The prize winning fund rate is being slashed from 4.00% to 3.80% say Premium Bonds provider NS&I, a cut of around £20 million. There's more bad news for some savers with NS&I as its interest rate for the Direct Saver and Income Bonds will also drop. The changes mean that, for example, the estimated number of £100,000 prizes will decrease from 82 in February to an estimated 78 in April. The number of £50,000 prizes will fall from 164 in February to an estimated 157 in April, while the number of £25,000 prizes will reduce from 328 to around 313 over the same period. The number of £10,000 prizes will fall from 820 in February to an estimated 781 in April. The number of £1 million prizes up for grabs will remain the same, at two. There will be more chances to win a £25 prize, with the number increasing from 1,807,915 in February to an estimated 2,170,903 in April. The total value of the prize pot will reduce from £430,052,425 in February to an estimated £411,118,825 in April. The number of prizes will remain around level, at 5,864,354 in February and an estimated 5,901,229 in April. Martin Lewis: Biggest factor to change mortgage rates Nationwide scam warning issued by bank's head of fraud DWP State Pension age will have to rise to 71 says report As the end of the tax year approaches, NS&I has also increased the interest rate on its Direct Isa to 3.50% AER (annual equivalent rate) from Tuesday, from 3.00%. From March 5, the interest rate for NS&I's Direct Saver will fall to 3.30% AER from 3.50% and the rate on Income Bonds will decrease to 3.30% AER from 3.49%. Andrew Westhead, retail director, at NS&I, which is backed by the Treasury, said: 'We regularly review our products to ensure they reflect current market conditions. The changes we are making to Premium Bonds, Direct Saver and Income Bonds rates enable us to continue to balance the interests of savers, taxpayers and the stability of the broader financial services sector. 'Even with the change to the Premium Bonds prize fund rate, we are expecting more than 5.9 million tax-free prizes worth over £411 million to be won in the April 2025 draw.' The moves follow the recent quarter point cut in the Bank of England base rate to 4.5%. Sarah Coles, head of personal finance, Hargreaves Lansdown said: 'NS&I is testing the loyalty of its premium bond holders by slashing the prize rate to 3.8%. 'It was bound to happen, because the easy access savings market has been inching south ever since this month's Bank of England rate cut, and NS&I will be keen not to pay more than it has to. 'It's also slashing the rate on two of its easy access savings products. Cash Isas have dodged the scythe though, and the rate has actually risen.' She said of Premium Bonds: 'The cuts have focused on the bigger prizes, in order to keep the chances of a win the same. 'However, even then, the average bond holder will win nothing in the average month. It means your savings are likely to lose money after inflation, and with every sign that inflation is on the rise, you'll be paying an even bigger price. 'Whenever the rate is cut it's worth considering whether you're still happy with the deal, or whether you'd prefer the certainty of a strong rate in the wider savings market. It's worth checking what's available from online banks and saving platforms, where you'll usually find the strongest deals.' NS&I's announcement was made as financial information website Moneyfacts said the choice of cash savings products has reached the highest on its records going back to 2007. It counted 2,157 savings deals in February, including Isas. There were 582 cash Isa deals available, which was also a high on Moneyfacts' records. Rachel Springall, a finance expert at Moneyfacts, said: 'The arrival of more savings providers entering the market can encourage savers to seek new brands away from the more familiar high street banks, as new challengers are more eager to attract deposits to fund their future lending. 'However, the months ahead will be challenging for providers to keep ahead of their peers to entice new business, but also to adjust their rates as interest rates are expected to fall.' Ms Springall added: 'Savers must ensure they choose a deal which pays a competitive rate of interest but also provides a real return against the eroding impact of inflation, which is expected to rise this year.'
