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Media centre /
Press releaseNEW MILLIONAIRE FROM DEVON IN MAY’S JACKPOT DRAW01 May 2009
In Devon over 490,000 people hold Premium Bonds worth over £1 billion. There are over 7,900 unclaimed Premium Bond prizes in total worth over £450,000. This is the ninth time that the £1 million jackpot has been won in Devon. In March NS&I announced that from the April prize draw onwards one of the two monthly Premium Bond jackpot prizes of £1 million will be replaced by a wider mix of other prizes in the monthly draws. Similarly, a new £25 Premium Bonds prize has been introduced to the draws alongside the existing prizes (ranging from £50 to £1 million). These changes have been introduced because Premium Bond holders say that maintaining the chances of winning tax-free prizes on a regular basis is particularly important to them. In May’s draw ERNIE paid out over 1.1 million prizes, together amounting to more than £33 million in value. There were 40,236,307,241 eligible Bond numbers in the draw.
The current Premium Bonds prize fund rate is 1.0% tax-free2. The current odds of each £1 Bond number winning any prize are 36,000 to 1, so with average luck an investor with £30,000 in Premium Bonds could win 10 tax-free prizes a year. At the end of February 2009, over 23 million people had a total of over £40 billion invested in Premium Bonds. Premium Bonds can be bought online at www.nsandi.com, by telephone on 0500 007 007 (see note 5), by post and over the counter at Post Office® branches, and brochures can be picked up in WHSmith in 400 of its High Street stores and 155 of its travel stores. Like all NS&I products, Premium Bonds offer investors 100% capital security, backed by HM Treasury, as well as the sense of fun that comes from potentially winning tax-free prizes. Since the first Premium Bonds prize draw in 1957 over 189 million tax–free prizes worth £12 billion have been paid out. Prizes range from £25 to £1 million. There are currently over 588,000 unclaimed Premium Bond prizes, worth over £34 million. There is no time limit for claiming prizes. Premium Bonds investors can check to see if they have won by visiting www.nsandi.com and using the Premium Bonds prize checker. ENDS Notes to Editors 1. The May jackpot winner from Devon wishes to remain anonymous. 2. All Premium Bonds prizes are free of UK Income Tax and Capital Gains Tax. 3. The lucky jackpot winner becomes ERNIE’s 232nd Premium Bond millionaires. 4. Pictures of ERNIE (including the new ERNIE 4 machine), Agent Million and people buying Premium Bonds are available in high-resolution jpeg format from the NS&I media team. 5. Free phone number – calls from mobiles may be chargeable. Telephone calls may be recorded. 6. Further information on NS&I (National Savings and Investments), including press releases and product information, is available on the website at www.nsandi.com. You can also contact the NS&I media team. 7. Subscribe to the NS&I RSS newsfeed. Simply copy and paste this link www.nsandi.com/mediacentre.xml into your RSS reader to receive regular news alerts from NS&I. 8. NS&I has a number of spokespeople available for interviews and our experienced media team is available via our ISDN line: 020 7602 4522.
Media team The numbers below are for media use only. Customers wishing to contact NS&I can find details here.
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