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Every month, savers have the chance to win big prizes as the Premium Bonds winning numbers are announced. There are now 24 million people taking part in the government-backed savings scheme, with ...
The winner holds £50,000 in premium bonds and purchased their winning bond in July 2014. They are the ninth millionaire from Suffolk. For the October 2022 draw, NS&I paid out almost 5 million ...
Numbers are entered in the draw each month, with an equal chance of winning, until the bond is cashed. As of 2015, each person may own bonds up to £50,000. [4] Since 1 February 2019, the minimum purchase amount for Premium Bonds has been £25. As of January 2025 there are over 128.7 billion eligible Premium Bonds, each having a value of £1.
Scottish Highlands and Wandsworth have new millionaires this month.
A Prize Bond is a lottery bond, a non-interest bearing security issued on behalf of the Irish Minister for Finance by the Prize Bond Company DAC. Funds raised are used to offset government borrowing and are refundable to the bond owner on demand. Interest is returned to bond owners via prizes which are distributed by random selection of bonds.
A lottery machine is the machine used to draw the winning numbers for a lottery. Early lotteries were done by drawing numbers, or winning tickets, from a container. In the UK, numbers of winning Premium Bonds (which were not strictly a lottery, but very similar in approach) were generated by an electronic machine called ERNIE.
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In simple terms, the notional principal amount is essentially how much of an asset or bonds a person owns. For example, if a premium bond were bought for £1, then the notional principal amount would be the face value amount of the premium bond that £1 was able to purchase. Hence, the notional principal amount is the quantity of the assets and ...