February's Lottery Winners: Over £400 Million in Prizes Distributed

The National Savings and Investments (NS&I) has announced a staggering payout of over £400 million in Premium Bond prizes for February, highlighting the excitement and potential rewards of saving in a Premium Bond account.

Massive Payouts and New Millionaires

In this month's draw, an impressive total of £408,082,375 has been allocated across 6,183,066 prizes, including two life-changing £1 million jackpots. Among the new millionaires is a lucky winner from Liverpool, who secured their prize with a bond they've held since October 2004. This marks a notable trend, as it’s the fourth time a £1 million jackpot has been claimed from Liverpool.

The second jackpot winner hails from Central Bedfordshire, also claiming the grand prize with a maximum investment of £50,000 in Premium Bonds. Andrew Westhead, NS&I Retail Director, expressed his congratulations, emphasizing the joy these wins can bring just in time for Valentine's Day.

A Widespread Impact

Aside from the major jackpots, February's draw also saw a wealth of mid-tier prizes; 78 individuals won £100,000, while 154 users secured £50,000 each. Notably, three fortunate players from Greater Manchester won £100,000, demonstrating that big wins can happen with varying levels of investment.

With 2,713,707 unclaimed prizes totaling around £114,769,950, the NS&I encourages all bondholders to check their status. Potential winners can easily verify their eligibility using NS&I’s online prize checker. This emphasis on checking reflects the accessible nature of Premium Bonds, where anyone can get involved in a saving and lottery combination.

Getting Involved in Premium Bonds

A Premium Bond account not only serves as a savings option but also enhances the excitement of saving by turning each £1 into a chance to win up to £1 million monthly. With a current interest rate of 3.6%, it provides an engaging alternative to traditional savings accounts.

With such compelling statistics and the celebration of new winners, February has proven yet again that Premium Bonds remain a favorable option for savers hoping to make their dreams a reality.