NS&I May 2020 Premium Bond winners announced

This month two residents of Inner London and Gloucestershire will each be £1,000,000.00 richer, thanks to their investment in NS&I premium bonds. One of the winners holds a premium bond worth £50,000.00 and the gent’s winning number is 344ZE146007. The winning bond was purchased in 2018 and he is the second winner from Inner London.

The second jackpot winner is a woman from Gloucestershire with a bond worth £34,000.00, bought last year. Her winning number is 366AP817645 and she’s the seventh winner from Gloucestershire.

May Winners

The May draw featured a total of 3,578,134 prizes to be won, with a value of £102,274,950.00. Out of that number, about 3,569,726 prizes were worth less than £100.

With that, here’s a full list of the won prizes:

Prize Value                   Number of wins

£1,000,000                                2

£100,000                                   6

£50,000                                     13

£25,000                                     25

£10,000                                     62

£5,000                                       124

£1,000                                       2,044

£500                                          6,132

£100                                          28,068

£50                                            28,068

£25                                            3,513,590

NS&I will not slash premium bond prizes

The NS&I had initially announced plans to reduce the number of prizes to be won, however, the same was recanted on the 17^th of last month, saying the decision was arrived at after resolving to support millions of diligent premium bond savers who may be facing struggles due to the pandemic. On Feb 17, the organisation had announced it would be cutting the number of prizes by at least 170,000.

If the cut had been effected, the amount of money to be won would reduce to about £3,300,000.00, and the odds of winning would have shifted to about 26,000 to 1 from 24,000 to 1, while effectively slashing the premium bond annual rate to 1.3% down from 1.4%.

Take note that premium bonds do not earn interest; instead, amounts held in this respect are subject to periodic growth rates, in this case, at an annual rate of 1.4%.

A raft of other planned changes have also been called off indefinitely, but cuts to fixed-term accounts will proceed as planned.

Are you a winner?

Official NS&I reports indicate that approximately 1.7m premium bondholders are yet to claim their prizes valued at over £65,000,000.00.

Winners are normally notified each month using contact details registered at NS&I. However, in cases where a bondholder changed addresses or houses, it may not be possible to reach them.

All premium bond investors are advised to check online whether they have any unclaimed prizes. To obtain the info, you’ll need to have your NS&I number and a few other personal details. You can also opt to set your future winnings to be deposited directly to your bank account.