Legal Notice: Product prices and availability are subject to change. Visit corresponding website for more details. Trade marks & images are copyrighted by their respective owners.
With the new month rolling around, the October 2020 Premium Bonds prize draw results have now been released. This month, a man from Kent and a woman from Humberside have scooped a jackpot payout of £1million each.
This is also part of a £50,000 holding, and she purchased the particular winning Bond back in June 2014.
This win makes her the third Premium Bonds millionaire from Humberside.
In the October 2020 prize draw, a total of 3,921,323 prizes worth £112,084,475 are to be paid out.
For this draw, there were 96,072,406,201 Bond numbers eligible.
As well as announcing details about the winners this week, NS&I has also issued a warning.
It comes following the government-backed savings provider announcing last month that it would begin to phase out the use of prize warrants from December 2020.
The move means the February 2021 Premium Bonds prize draw will be the last time that prize warrants are to be issued by NS&I – although some may be affected by the change before this.
Premium Bonds prize warrants will no longer be sent from March 2021, NS&I has confirmed.
To find out details of local deals in your area, please fill in your postcode below.
Instead, customers can get any prizes they may win paid directly into their bank account or automatically reinvested up to the maximum £50,000 per person in Premium Bonds.
To ensure customers who currently receive any prizes they may win via prize warrants can continue to get them automatically, NS&I has warned action needs to be taken.
Those in this position need to provide NS&I with their bank and contact details.
Customers who have already registered for NS&I’s online service and who have an email address or mobile phone number can do this easily by visiting the website, clicking “Log in”, going to “Your profile” and selecting “Your prize options”.
Those who are not currently registered to manage their account online can do so via the website.
Jill Waters, NS&I’s Retail Director, said: We will be phasing out the use of prize warrants from the December 2020 Premium Bonds draw.
“While we understand that there is a real affection for prizes being received by post, paying prizes directly to customers bank accounts means that winners can receive prizes quicker, easier and more securely.
“We will continue to notify of prize wins but this will be by email or text message, or winners can chose to be notified by an Alexa enabled device.
“Part of the enduring magic of Premium Bonds is the thrill of finding out that you’ve won a prize, and this is something that will not change, as I’m sure our this month’s lucky jackpot winners in Kent and Humberside will to testify to.
“Huge congratulations to them both on winning this life changing sum of money.”