Premium Bond Winners For May 2021 Revealed | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 04/05/2021

The winners of the £1 million Premium Bond prize have been revealed, with thousands more scooping smaller prize money in this month’s draw.

Two premium bond holders won £1 million each in the May draw. The first winner number was 436VB112388, which belongs to a premium bond holder in Surrey. This bond was purchased in February 2021 and the holder has a total of £43,590 in bonds.

The second £1 million winning number was 340LX170519, which was purchased in September 2018 and belongs to a holder in Wiltshire. The premium bond holder has a total of £34,000 in premium bonds.

Along with the two £1 million prize winners, a further five premium bond holders won £100,000 each. Meanwhile, 10 holders won £50,000, 20 won £25,000, and 49 won £10,000. Thousands more premium bond holders won prizes ranging from £25 to £5,000, with a total of £89,792,075 being awarded in prize money during the May draw.

Have you won in the May premium bond draw?

Premium bond holders can check to see if they have won in the May prize draw by using the prize checker on the nsandi.com site. Alternatively, bond holders can check their number using the official prize checker app or via their Alexa-enabled device. In order to check their number, customers will need their premium bond holder’s number to use the website and their NS&I number or holder’s number to check via the app.

Alternatives to premium bonds

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.

Those looking to deposit funds for the long term and who are prepared to take the risk of not making any returns on their investments or, in some cases, losing their initial capital, can consider a stocks and shares ISA as an alternative option. A stocks and shares ISA allows investors to deposit up to £20,000 tax-free for the 2021/22 tax year – more information about these ISAs can be found on our stocks and shares ISA page.

Savers looking for a long-term option but who want the security of a fixed interest rate may want to consider a fixed rate ISA, which again offers a £20,000 tax-free allowance for the 2021/22 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 rises as expected over the coming months, it may erode savings over the term even with interest added. To see the current best rates on offer, visit our fixed rate ISA comparison chart.

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