Kent scores a Premium Bond hat-trick as the Garden of England reaps its third £1M jackpot winner in a row
- Bondholders from Kent and Hertfordshire scoop £1million jackpots
- The man from Kent had invested just £4,210 while the other had put in max £50k
- 3.3million winners were announced in June – winning £94.7million
The Garden of England is proving a fertile ground for Premium Bond millionaires, as Kent’s savers nabbed the £1million jackpot for the third month in a row.
The lucky Kentish man who won in June had just £4,210 invested in the National Savings & Investments products, less than a tenth of the maximum £50,000 you can hold, and bought the winning Bond back in November 2000.
He may have waited nearly two decades for their investment to flower into the maximum payout, but he continued the county’s recent hot streak after savers from Kent won £1million in both May and April.
The unnamed man from Kent was one of June’s two jackpot winners, with the other from Herts
The unnamed saver from Kent was one of June’s two jackpot winners.
The other was a man from Hertfordshire, who bought their winning Bond in January 2017, but unlike their fellow June jackpot winner has invested the maximum £50,000 into Premium Bonds.
Premium Bonds are Britain’s most popular savings product – with over 22million customers having invested £78.9billion in the Government-backed bank in February 2019.
Savers can start saving with a minimum investment of £25 and withdraw the money any time, and have a typical return of 1.4 per cent. NS&I handed out 3.3million prizes worth a total of £94.7million this month.
As well as the top two £1million prizes issued since January 2016, five bondholders won £100,000 and a dozen won £50,000.
At the bottom end of the scale, 3.2million £25 prizes were handed out by Ernie – the machine responsible for generating the numbers for each month’s winners.
Premium Bonds Winners
|Prize||Area||Value of bond|
|£1,000,000||Cheshire West and Chester||£5,000|
|£100,000||Hereford and Worcester||£5,000|
More August 2019 winners
Ernie – which stands for Electronic Random Number Indicator Equipment – took a quantum leap in March, which means winning Premium Bond numbers are now drawn in just 12 minutes.
The fifth-generation Ernie is a chip the size of a grain of rice, whereas the original version from 1957 was 3.5 metres long, weighed 1,500kg and was described as being the size of a van.
Bondholders are not guaranteed a return, however. The odds of a single Bond number winning any prize is 24,500 to 1, and the chances of winning the jackpot are 1 in 36billion – which makes it all the more remarkable that Kent has chalked up a hat-trick of wins in the last three months.
According to NS&I, more than £61m in Premium Bond winnings remain unclaimed. This map shows where most are
According to NS&I, there are over 1.5million prizes worth more than £61million currently unclaimed.
This is likely because prizes are hand-delivered by NS&I’s Agent Million, which means the addresses may not match if people move house or they aren’t in when the jackpot comes calling.
In Kent, £1.5million in prizes remain unclaimed – with a £50,000 prize won in November 2007 still outstanding. The customer has £128 invested and the Bond number is 3VT019901, while one £25 winner from 1959 still has not claimed their winnings.
Jill Waters, NS&I’s retail director, said: ‘June marks an anniversary for Premium Bonds and today is the 62nd anniversary of the first Premium Bonds draw.
‘Since that time, we have paid out 442million prizes worth £19.5billion and for some, the prizes won may have helped achieve a life dream or go some way to assist saving for their financial future.
‘For the two winners in Hertfordshire and Kent, we hope that news of this win will bring them happiness and financial security for many years.
‘Alongside the two jackpot prizes, we have paid out an additional 3.3 million tax-free prizes this month, ranging from £25 to £100,000, and we hope to help those investing in Premium Bonds to create a savings habit that will benefit them now and in the future.’
THIS IS MONEY’S FIVE OF THE BEST SAVINGS DEALS