Each month, two fortunate Britons have the prospect to win £1million within the NS&I Premium Bonds prize draw.

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

On their web site, NS&I has shared how Britons can enhance their probabilities of profitable.

It states: “Instead of gaining interest, every £1 saved in your Premium Bonds gives you the chance every month to win tax-free prizes.

“The more you save (up to the maximum of £50,000), the more chances of winning you have!

“Prizes range from £25 to two £1million jackpots every month.”

Results from the following prize draw can be found from July 2, simply 16 days away.

This month, the primary £1million prize was gained by an individual from Essex, with profitable Bond quantity 83TX260795, which they bought in July 2005. The profitable Bond was price £5,000 and so they have a complete of £42,050 in Bonds.

The second £1million winner is from South Gloucestershire. Their profitable Bond was 429WV622861, which they bought in December 2020. Their profitable Bond was price £1,000 and so they maintain a complete of £50,000 in Bonds.

Each Premium Bonds funding have to be a minimum of £25. People can purchase them on-line utilizing their safe on-line system.

NS&I added: “The only thing that can increase your chances of winning is holding more Premium Bonds. But holding them in sequence won’t make any difference.”

With Premium Bonds, there isn't any curiosity earned. Instead, the rate of interest funds a month-to-month prize draw for tax-free prizes. Individuals can money in all or a part of their Bonds at any time.

Anyone who wins cash on Premium Bonds is often notified by the Government-backed financial savings organisation through textual content, electronic mail or put up.

Alternatively, folks can examine the Premium Bonds prize checker service accessible on its web site.

To entry this, prospects 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 be an possibility and is out there to obtain on Google Play and the App Store.

A whopping £119billion is presently invested in NS&I Premium Bonds by greater than 22 million folks.

From March there was a slight improve within the variety of £5,000, £10,000, £25,000, £50,000 and £100,000 prizes.

The variety of £1,000 prizes elevated by 600 to 13,173 and there are actually 1,800 extra £500 prizes, bringing the entire variety of £500 prizes to 39,519.

There was a rise within the variety of £50 and £100 prizes paid out, so there are actually 1,400,876 accessible of every.