{"id":8435,"date":"2023-10-12T02:09:26","date_gmt":"2023-10-11T20:39:26","guid":{"rendered":"https:\/\/farratanews.online\/nsi-explains-how-to-increase-chances-of-winning-premium-bonds-1million-jackpot-personal-finance-finance\/"},"modified":"2023-10-12T02:09:26","modified_gmt":"2023-10-11T20:39:26","slug":"nsi-explains-how-to-increase-chances-of-winning-premium-bonds-1million-jackpot-personal-finance-finance","status":"publish","type":"post","link":"https:\/\/farratanews.online\/nsi-explains-how-to-increase-chances-of-winning-premium-bonds-1million-jackpot-personal-finance-finance\/","title":{"rendered":"NS&I explains how to ‘increase chances of winning’ Premium Bonds \u00a31million jackpot | Personal Finance | Finance"},"content":{"rendered":"

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Nearly 2.4 million NS&I\u00a0Premium Bond prizes worth just over \u00a380million are currently going unclaimed.<\/p>\n

With monthly prize figures ranging anything between \u00a325 and \u00a31million, it could pay for people to check their numbers to see if they\u2019re owed anything – as some forgotten Bonds are worth thousands.<\/p>\n

On their website, NS&I has shared how Britons can boost their chances of winning.<\/p>\n

It states: \u201cInstead of gaining interest, every \u00a31 saved in your\u00a0<\/span>Premium Bonds\u00a0<\/span>gives you the chance every month to win tax-free prizes.<\/p>\n

\u201cThe more you save (up to the maximum of \u00a350,000), the more chances of winning you have! Prizes range from \u00a325 to two \u00a31million jackpots every month.\u201d<\/p>\n

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Premium Bonds odds will improve to 21,000 to one – the best level since the April 2008 prize draw – in Septembers upcoming \u00a31million prize draw.<\/h3>\n<\/header>\n
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Premium Bonds prize draw is at the beginning of the month (Image: GETTY)<\/p><\/div>\n

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The Premium Bonds prize fund rate is set to increase to 4.65 percent from four percent, the highest level since March 1999.<\/p>\n

This means more people will have the chance to win cash prizes each month.<\/p>\n

Each month, two lucky Britons have the chance to win \u00a31million in the NS&I Premium Bonds prize draw.<\/p>\n

Premium Bonds are backed by the Government, so money held in the accounts is safe. Prizes range from \u00a325 to \u00a31 million and are all tax-free.<\/p>\n

On their website, NS&I has shared how Britons can boost their chances of winning.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n

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According to NS&I, the odds of winning at least \u00a325 \u2013 the lowest prize possible \u2013 are one in 21,000.<\/p>\n

The nearest thing Premium Bonds have to an interest rate is their annual prize rate, which is currently 4.65 percent.<\/p>\n

The interest rate describes the ‘average’ payout, but it’s just a vague watermark.<\/p>\n<\/div>\n

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Premium Bonds are operated by NS&I and backed by the Treasury, meaning the capital invested remains safe.<\/p>\n

Winners are chosen at random so savers should note there is no guarantee they will ever win a prize.<\/p>\n

Premium Bonds do not get an interest rate so if a person does not win any prizes over time their investment will effectively drop in value because of inflation.<\/p>\n<\/div>\n

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Prizes range from the \u00a31million jackpot to \u00a325. People often choose to use their winnings to buy more Bonds to increase their chances of winning in future.<\/p>\n

For the latest personal finance news, follow us on Twitter at @ExpressMoney_.<\/b><\/p>\n<\/div>\n[ad_2]\n","protected":false},"excerpt":{"rendered":"

[ad_1] Nearly 2.4 million NS&I\u00a0Premium Bond prizes worth just over \u00a380million are currently going unclaimed. With monthly prize figures ranging anything between \u00a325 and \u00a31million, it could pay for people to check their numbers to see if they\u2019re owed anything – as some forgotten Bonds are worth thousands. On their website, NS&I has shared how …<\/p>\n","protected":false},"author":1,"featured_media":8437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts\/8435"}],"collection":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/comments?post=8435"}],"version-history":[{"count":0,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts\/8435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/media\/8437"}],"wp:attachment":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/media?parent=8435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/categories?post=8435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/tags?post=8435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}