March 2017 Premium Bonds winning numbers – have you become an overnight millionaire?
Two lucky people will start Spring with a massive million pound windfall each
TWO lucky winners are celebrating the start of spring after both scooping the top £1 million prize in March’s Premium Bonds draw.
The pair - from Devon and Outer London - are the 357th and 358th millionaires to be made by ERNIE since the bigger jackpot prize was introduced in 1994.
This allows you to plug in how many bonds you have, and it will predict your likely winnings and compare them with savings.
It proves that at every value someone with typical luck will earn less than the quoted prize rate.
NS&I lists the chance of one bond winning a prize in a month (1 in 30,000) on its website.
You can apply to buy premium bonds at your local post office or over the phone, online or by post.
There were a total of over 2.2 million prizes paid out this month, worth more than £70 million.
There were 67,605,370,043 eligible Bond numbers in March’s draw, and since the first draw in June 1957, there have been 364 million prizes paid out worth £17.2 billion.
How do I know if I have won?
Premium Bonds holders can check to see if they have won a prize in this month’s draw, draws in the last six months or if they have any unclaimed prizes for free online via the .
Alternatively, you can download the new and improved Prize Checker app, free from Google Play or the Apple Store.
What size return will I get?
On average, premium bonds pay out an investment return equivalent to about 1.3%.
In theory this means you would win just over a penny a year for each pound of bonds owned.
But because of the randomness of the process, you may win less – or you may win a great deal more.
Where does the prize money come from?
The prize money is not funded by the sale of new bonds.
Instead, the money represents the amount that would be paid in interest if premium bonds were regular government bonds.
The prize fund interest rate, prize values and odds of winning are all subject to change.
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