National Savings and Investments has around 24 million customers.
All NS&I Premium Bonds holders told to log in to accounts on Saturday
All Premium Bonds have been told to check their accounts on Saturday morning. National Savings and Investments has around 24 million customers.
Premium Bonds draws are made every month, with the prizes announced on the first day of the calendar month. Customers can then check their accounts the day after.
It means savers should check accounts on Saturday, May 2, for information on whether they have won or not. This month’s millionaires are from Suffolk, with £50,000 invested, and Highlands And Islands, with £23,500 invested, NS&I – which is backed by the Treasury and the Labour Party government – has announced on Friday (May 1).
READ MORE Foreign Office issues warning for UK tourists who face ‘increased risk’
There were over 5.9 million prizes dished out this month. Most banks – like Barclays, HSBC UK, TSB, NatWest, Nationwide and Santander and Lloyds – only guarantee your savings up to £120,000.
But NS&I says it is the only provider that secures 100 per cent of your savings above this amount.
It says: “We’re backed by HM Treasury and we’ve been helping people save for over 160 years. Today, over 24 million customers save with us.
“We created Premium Bonds and you can only get them from us. Open an account and you could win big in our monthly prize draw.”
On its website, it says: “One day to go.” It adds: “Next results available 2 May.”
You can have prizes paid straight to your bank account (or NS&I Direct Saver) or reinvested into more Bonds, giving you even more chances to win.
Laura Suter, director of personal finance at AJ Bell, previously explained: “The Premium Bond ‘prize fund rate’ is intended to give savers some comparison with how the account compares to normal savings accounts.”
Ms Suter added: “Clearly not everyone has ‘average’ luck, otherwise the prizes would be handed out equally to every saver.
“The fact that there are some very large prizes also skews the figures.”