Premium Bond Winners, Check Premium Bonds
Every month Premium Bonds pay out two £1 million jackpots with other savers potentially receiving prizes varying from £50 to £100,00. The system works in that interest I paid out by the UK government but it is not paid directly to savers. The interest becomes part of a prize fund and then randomly selected jackpot winners receive prizes if their numbers are selected. The more premium bonds you have the greater the chance of winning a prize.
Premium bond results are released on the first day of the month and premium bond winners are sent their prize on approximately the 3rd or 4th of the month.
There can be cases when unclaimed premium bonds cannot be given to the recipient due to changing personal details which leaves them out of contact. Some people purchase premium bonds and hold them for many years without checking them so are unaware of any winnings. In this case the nsandi premium bonds are kept for you and you are able to claim them at any time in the future.
This is different from the National Lottery in the UK which has a time limit on claiming winnings.
If you need to check premium bonds for any winnings there is a premium bond checker on the nsandi website and you will be informed of any money you have earnt.
Many people query whether it is a good investment to invest in premium bonds and for those premium bind winners who have scooped the jackpot they will probably assure you that it is. But the reality is that you have a very slim chance of winning the £1 million and your likelihood of winning a smaller prize every few months does not really make you investment more efficient than a regular savings account. So in some regards it is similar to buying a lottery ticket and dreaming of the jackpot. While you do not have a great deal of chance of winning it appeals to the side that likes a flutter.
If you would prefer a steady interest rate then you would probably be better off investing in a savings account but the possibility of a large cash prize is very attractive to many. Approximately one-third of people in Britain have premium bonds and a major driving force is seen to be the prize factor and the chance to be one of the premium bond winners, ahead of the consideration to earning a steady interest rate on savings.
An advocate of Premium Bonds and spokesman on their recent advertisment is Sir Alan Sugar:
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