NS&I has introduced the winners for the Premium Bonds prize draw for July 2023 with two Bond holders profitable the £1million jackpot.

The first £1million prize was received by an individual from Staffordshire, with profitable Bond quantity 493HK711899, which they bought in March 2022. The profitable Bond was value £9,000 and so they have a complete of £48,750 in Bonds.

The second £1million winner is from Norfolk. Their profitable Bond was 246DR645231, which they bought in May 2015. Their profitable Bond was value £20,000and they maintain a complete of £20,000 in Bonds.

Each month-to-month draw has two £1million jackpot prizes with every £1 Bond having an equal probability of profitable.

Currently, the possibilities of profitable a prize are at the moment 24,000 to 1, nevertheless from August, the possibilities of profitable will enhance to 22,000 to 1.

With Premium Bonds, there isn't a curiosity earned. Instead, the rate of interest funds a month-to-month prize draw for tax-free prizes.

Premium Bonds are backed by the Government, so cash held within the accounts is protected. Prizes vary from £25 to £1 million and are all tax-free.

Anyone who wins cash on Premium Bonds is often notified by the Government-backed financial savings organisation by way of textual content, e-mail or publish.

Alternatively, individuals can test the Premium Bonds prize checker service accessible on its web site.

To entry this, clients have to enter their bond quantity which is both 9 or 10 digits or a letter adopted by eight digits.

NS&I’s prize checker app can also be an choice and is accessible to obtain on Google Play and the App Store.

NS&I has just lately introduced that the prize fund charge for Premium Bonds will rise to 4 p.c for August’s draw.

The charge will improve from the present 3.60 p.c. As a end result, because of this every £1 Bond may have its greatest probability of profitable a prize in nearly 15 years.

‌According to NS&I, this improve will award an additional $30million to the prize fund in August. Due to this, an estimated 460,000 further prizes up for many who are Premium Bonds holders.

Sally Swait, NS&I Retail Assistant Director, mentioned: “Congratulations to our two millionaires from Staffordshire and Norfolk – £1 million is a life-changing amount of money and we hope our jackpot winners each enjoy their winnings.

“This is the highest rate the prize fund has been in over 15 years, meaning this month we paid out a total of five million prizes worth over £374 million. The Premium Bonds prize fund is going up again for the August draw too, with the odds improving as well, meaning more wins and more excitement each month for savers up and down the country.”