Premium bond winners for October 2020 revealed | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 01/10/2020

Today the winners of the National Savings & Investments (NS&I) October Premium Prize draw have been revealed, with two new lucky savers winning the £1 million top prize.

Both Bond numbers 298BE137181, which belongs to a man from Kent, and 222AT412192, belonging to a woman in Humberside, gained the top prize draw of £1 million.

In addition to this, seven Premium Bond holders won the second prize of £100,000, with a further 15 winning £50,000. Thousands more Premium Bond savers won lesser prize amounts ranging from £25 to £25,000. To see if they have been lucky during today’s draw, Premium Bond holders are urged to check their numbers on the NS&I website.

NS&I to reduce Premium Bond rates

Last month NS&I announced that from the 24 November 2020 it was reducing rates on a range of its saving products including its Premium Bonds. This means that for the December 2020 prize draw the odds of winning will be slashed from its current 24,500 to 1 to 34,500 to 1.

In addition to this, NS&I has announced that it will be phasing out its Premium Bond prize cheques and instead prize money will be deposited directly into bank accounts. Many Premium Bond holders already have their accounts set up so that prize money is deposited into their bank accounts, but NS&I is encouraging those who do not have this set up to log onto their NS&I account to provide their bank details. Premium Bond holders should ensure that they only use the official NS&I website - www.nsandi.com - when adding their bank details and be aware that NS&I will never call customers and ask for their bank details.

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