Winners of the November £1 Million Premium Bond jackpot announced
National Savings & Investments Announces November 2024 Premium Bond Winners
National Savings & Investments (NS&I) has announced the winners of the November 2024 Premium Bond draw, with more than six million prizes worth £463,982,050 set to be paid out.
Launched in 1957, the Premium Bonds scheme offers a unique investment opportunity, backed by the UK government, that encourages savings while offering a chance to win tax-free prizes. Each £1 bond held acts as one entry into a monthly prize draw, with prizes ranging from £25 to £1 million.
The monthly prize draw is conducted using a random number generator known as ERNIE (Electronic Random Number Indicator Equipment). ERNIE has evolved over time, with the current version utilising modern computer-based random number generation to maintain integrity in the draw process.
The overall evolution of Premium Bonds and ERNIE represents a successful state effort to raise funds for government borrowing while offering savers a secure and risk-free investment with the exciting possibility of winning prizes. NS&I guarantees the safety of the invested capital, making Premium Bonds unique compared to other savings products.
Starting from 2 November, Premium Bond holders can check for their November 2024 draw winnings using the NS&I prize checker tool on the website or the NS&I app. The tool is available on iOS and Android devices, and Amazon Alexa can also be used to check for winnings.
This month's draw sees fewer prizes on offer, with two winners becoming millionaires. The first winner, from Cornwall, holds £38,000 in Premium Bonds and drew bond number 567MN061686, purchased in January 2024. The second winner, from Warwickshire, holds bond number 286CJ469715 and has £50,000 in Premium Bonds, purchased in November 2016.
More than nine in ten prizes are paid directly into winners' bank accounts or automatically reinvested into more Premium Bonds. However, NS&I is holding 2,473,761 unclaimed prizes worth £89,696,075. Winners can change their payment method on the NS&I website or write to NS&I at Sunderland SR43 2SB, providing their name, current address, Premium Bond number, previous addresses, signature, and any other necessary information.
Phone inquiries about winnings can be made for free on 08085 007 007, but only if the caller is registered for phone or online banking with NS&I. The prize fund rate for Premium Bonds stands at 4.4%, but NS&I has revealed that it will cut the rate to 4.15% from the December 2024 draw.
In conclusion, the November 2024 Premium Bond draw offers an exciting opportunity for savers to win tax-free prizes, with the chance to become a millionaire. With the NS&I prize checker tool and other methods available, it's easier than ever to check for winnings and claim any unclaimed prizes.
| Aspect | Details | |------------------------------|----------------------------------------------------------| | Launch Year | 1957 (Premium Bonds) | | Issuer | National Savings & Investments (NS&I), UK government | | Prize Draw Mechanism | Monthly draws using ERNIE (Electronic Random Number Indicator Equipment) | | Prize Range | £25 up to £1 million | | Investment Guarantee | Backed 100% by HM Treasury | | Maximum Investment | £50,000 | | Purpose | Encourage savings and raise government funds |
Personal-finance enthusiasts can rejoice as the winners of the November 2024 Premium Bond draw have been announced, with a total prize pool of £463,982,050 dividing among more than six million recipients. These prizes, ranging from £25 to £1 million, are offered through the finance scheme provided by National Savings & Investments (NS&I), a unique opportunity that combines savings with the chance to win tax-free prizes.
