Premium Bonds: NS&I reveals July 2020 jackpot winner bought Bond in May | Personal Finance | Finance
July 2020 has arrived, and National Savings and Investments (NS&I) has released some details about the Premium Bonds winners for the July 2020 prize draw. In this month’s draw, a total of 3,710,908 prizes will be paid out.
While the holders of these jackpot winning Bonds have remained anonymous, NS&I has released some details about them.
For instance, the areas in the UK in which they are from has been revealed – with these being Tyne and Wear, and Surrey.
The first eligible Bond number drawn was 392SK696449 and this belongs to a man from Tyne and Wear, NS&I said.
This £1million jackpot winner bought the winning Bond in May 2020, and he has a holding worth £35,000.
NS&I explains that Bonds become eligible for the draw one full calendar month after the person buys them.
“So when you buy Bonds in November, they’ll be in every draw from January,” the website states.
As such, the Bond bought in May, became eligible from this month.
His win means he’s become the tenth £1million Premium Bonds winner from Tyne and Wear.
Jill Waters, NS&I’s Retail Director, said: “When people think of Premium Bonds they often recall memories of a prize warrant landing on their doormat, but since the introduction of paperless prizes we’ve seen a good uptake in the number of customers choosing to have their prizes paid directly into their bank account.
“In June alone just over 70 percent of Premium Bonds prizes were paid out in this way – making it the quickest and most convenient way for people to receive their prizes.
“Premium Bonds holders can choose to have their prizes paid directly into their bank account, or to have any wins reinvested up to the maximum holding amount of £50,000, by registering for NS&I’s online services with a valid email address or mobile phone number.
“Money put aside each month can quickly grow into a small nest egg with the added bonus of a potentially life-changing prize.”