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The £1 million prize winners of the March 2021 premium prize draw have been announced, along with thousands of other smaller prize winners.
Two lucky premium bond holders won the top £1 million prize in this month’s draw. The first winner came from Bristol and holds bond number 306PG138556, which is part of a £50,000 holding that was purchased in July 2017.
The second winner holds bond number 307PX582004 and is located in Kent. This winning number is part of a premium bond that holds £40,002 and was also purchased in July 2017.
In addition to these winners, a further five premium bond holders won the second-best prize of £100,000 and another nine won £50,000. Meanwhile, in this month’s draw a further 18 premium bond holders won £25,000, 48 won £10,000, and 93 won £5,000. Thousands more received prizes ranging from £25 to £1,000. A total of 3,022,805 premium bond holders won prizes in the March draw.
Premium bonds have the benefit of offering a tax-free and secure place to deposit savings, but those considering a premium bond should be aware that there is no guarantee of returns on their deposits. As such, even those who deposit the maximum allowance of £50,000 into a premium bond cannot guarantee they will be successful in the monthly prize draw.
For those who want to earn fixed interest on their savings, choosing a fixed rate bond or fixed ISA may be a good option. A fixed rate bond or ISA will guarantee a rate of interest for the fixed term of the account, with fixed rate ISAs having the additional benefit of offering a tax-free savings account up to a maximum of £20,000 for the 2020/21 tax year. While fixed rate savings accounts and ISAs offer a guaranteed rate of interest, savers should be aware that interest rates are low at the moment and, as a result, if inflation increases it may erode savings over the term even with interest added. To see the current best rates on offer, visit our fixed rate bond and fixed rate ISA comparison charts.
Those who are prepared to take a risker option, but who do not want to risk losing their initial deposit, could consider a structured deposit account. These accounts offer the security of the initial deposit being protected, but savers take the risk of not earning any interest on their deposits. A structured deposit will have a fixed term and the level (if any) interest gained will depend on the performance of a stock market index, such as the FTSE 100. For more information about structured deposits, read our guide What is a structured deposit product?.
Consumers looking for a long-term investment and who are willing to risk their initial capital, could consider investing in a stocks and shares ISA. A stocks and shares ISA is tax-free up to an investment of £20,000 for the 2020/21 tax year and money is invested in stocks and shares (bear in mind that the annual £20,000 ISA limit applies across both cash ISAs and stocks and shares ISA combined). Whether a return is generated depends on how the investor’s stocks and shares perform, with the possibility of earning much greater returns than with savings accounts, cash ISAs, and structured deposit accounts, but those considering this option should be aware that they can also result in not generating any returns at all and they could even end up losing their initial deposit. Those considering a stocks and shares ISA can read more about this type of investment on our stocks and shares ISA page.
Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfacts.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
Over £1.3 billion was stolen by criminals through authorised and unauthorised fraud last year, according to UK Finance. Compared to 2020, this was an increase of over £400 million.
Over £1.3 billion was stolen by criminals through authorised and unauthorised fraud last year, according to UK Finance.
In today’s world, there are plenty of threats to the security and viability of your wealth. You might be concerned about how the cost of living crisis will affect your savings and investments, for example, and already be having conversations with your financial planner about how to mitigate these effects. One potential challenge you could face in the coming months and years that you may not have considered is falling victim to an online scam.
One potential challenge you could face in the coming months and years that you may not have considered is falling victim to an online scam.
UK inflation reached 9.1% in the 12 months until May, the Office for National Statistics (ONS) announced today. Previously, inflation reached 9% in the 12 months to April. May’s inflation rate means it is the highest figure to be recorded in the National Statistics series, which began in 1997, and the highest inflation has been in 40 years.
UK inflation reached 9.1% in the 12 months until May, the Office for National Statistics (ONS) announced today.
Over £1.3 billion was stolen by criminals through authorised and unauthorised fraud last year, according to UK Finance. Compared to 2020, this was an increase of over £400 million.
Over £1.3 billion was stolen by criminals through authorised and unauthorised fraud last year, according to UK Finance.
In today’s world, there are plenty of threats to the security and viability of your wealth. You might be concerned about how the cost of living crisis will affect your savings and investments, for example, and already be having conversations with your financial planner about how to mitigate these effects. One potential challenge you could face in the coming months and years that you may not have considered is falling victim to an online scam.
One potential challenge you could face in the coming months and years that you may not have considered is falling victim to an online scam.
UK inflation reached 9.1% in the 12 months until May, the Office for National Statistics (ONS) announced today. Previously, inflation reached 9% in the 12 months to April. May’s inflation rate means it is the highest figure to be recorded in the National Statistics series, which began in 1997, and the highest inflation has been in 40 years.
UK inflation reached 9.1% in the 12 months until May, the Office for National Statistics (ONS) announced today.
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