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Premium Bond holder wins £25k off £25 purchased in 1983

Do you have a small Premium Bond holding from long ago? Proof it can win big, as a 1983 £25 bond wins a £25k price this month…

  • The Somerset-based holder bought the winning bond nearly 40 years ago
  • The £25,000 profit from a £25 property represents a whopping 100,000% return
  • In May, NS&I increased the underlying prize money rate of the Premium Bond from 1% to 1.4%

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One lucky Premium Bond holder has achieved a 100,000 per cent return on investment after winning £25,000 on a property of just £25 in this month’s drawing.

It also proves that older purchases can win too, as the bond was bought in November 1983 — the same month Billy Joel dominated the singles chart with Uptown Girl and Sean Connery star as James Bond one last time in Never say never again.

The Somerset holder won with a £10 bond after patiently holding it for nearly 40 years.

Neat returns: NS&I now pays more than 4.8 million monthly tax-free prizes ranging from £25 to £1 million to bondholders.

Neat returns: NS&I now pays more than 4.8 million monthly tax-free prizes ranging from £25 to £1 million to bondholders.

It comes after the odds of any £1 Premium Bond number winning a prize improve from 34,500 to 1 to 24,500 to 1.

While two unchanged £1 million prizes are still on offer, the number of £100,000 prizes has increased from six to ten and £50,000 prizes from 11 to 19.

Along with the boost to £100,000 and £50,000 prizes, the number of £25,000 prizes has increased from 24 to 40.

While many who have purchased Premium bonds in recent years choose to be notified of a gain via email, many older and smaller bonds like this one may not be notified of an alert system, meaning it’s important to check historical positions and contact details.

As for this month’s two £1 million jackpot winners, they were won with much bigger positions.

One winner, from Dorset, had the £45,000 maximum bought last August, while the other winner, from Buckinghamshire, had £22,875 bought in April 2009.

Premium Bond Winners

Price Area Value of bond
£1,000,000 Dorset £20,000
£1,000,000 Buckinghamshire £5,000
£100,000 West Yorkshire £20,300
£100,000 Dorset £10,000
£100,000 Hampshire and the Isle of Wight £5,000
£100,000 Wandsworth £10,000
£100,000 Edinburgh £50,000
£100,000 Central Scotland £40,000

More August 2022 winners

Check out the August 2022 winners list

A significant amount of money has been put into Premium Bonds over the past two years.

There are currently more than 118 billion bond numbers eligible for the draw, up from just over 86 billion eligible bonds in March 2020.

In May, NS&I raised the underlying prize money rate of the Premium Bond from 1 percent to 1.4 percent, increasing the chances of the 21 million savers winning a monthly prize.

This means that NS&I now pays more than 4.8 million tax-free prizes every month, ranging from £25 to £1 million to bondholders.

However, it’s worth noting that a win will most likely land you one of the £25 prizes awarded each month.

This month, for example, about 3.34 million of the 3.42 million prizes awarded were for £25.

With the popular NS&I product, savers can deposit a maximum of € 50,000 into the account.

> Congratulations on the 65th anniversary of Premium Bonds and the first draw! Here are 65 facts you may not know about Britain’s most beloved savings product…

THIS IS THE FIVE OF THE BEST MONEY SAVINGS

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