Two Premium Bonds savers scoop £100k prizes with £100 bonds

Two Premium Bonds holders have scooped a £100,000 prize with holdings of just £100 in this month’s prize draw.

One of the winners, based in Leeds, bought the winning bonds in December 2023 – meaning they only had to wait three months for their big win.

But another winner, based in South West Wales, purchased the winning bonds in March 1990, 34 years ago – proving that good things also come to those who wait.

Lucky: Two Premium Bonds savers have won £100,000 prizes from £100 in bonds 

There were 86 £100,000 winners in this month’s Premium Bonds prize draw. The £100,000 prize is the second biggest after the coveted £1million jackpot.

The two £1million jackpot winners, from West Sussex and Hampshire, both had the maximum holding of £50,000.

In last month’s draw a Premium Bonds saver bagged a £50,000 prize with just £10 in Premium Bonds bought in 1990, proving myths wrong about only being able to win a big prize with the maximum holding.

There were over 5.8million prizes in March’s draw, resulting in a total payout of over £451million.

From this prize draw, the Premium Bonds prize fund stands at 4.4 per cent. NS&I announced in January that the prize fund would be cut from 4.65 per cent to 4.4 per cent. The odds of any £1 bond number winning a prize remain the same at 21,000 to 1.

NS&I says the cut is due to its ‘requirement to strike a balance between the interests of our savers, taxpayers and the stability of the broader financial services sector.’

It is doing that by reducing bigger prizes – excluding the two £1million offerings – and adding in far more £25 wins.

Andrew Westhead, NS&I retail director, said: ‘Congratulations to our £1 million jackpot winners from West Sussex and Hampshire, who can now start planning what to do with their tax-free winnings.

‘This month, two winners with a holding of £100 won a prize of £100,000, showing that every bond counts.’