A man from Suffolk has got off to a good start in 2014 by becoming a millionaire overnight.

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National Savings and Investments have announced that the Premium Bond holder has become the latest person to win the top prize of £1m.

The man, who has holdings worth £30,000, won the top prize after his bond number was selected by NS&I’s random generator. The winning bond was bought in April 2012.

More than 8,300 Premium Bond prizes worth more than £360,000 remain unclaimed in Suffolk – including a £1,000 prize won by a woman from the county in May 1986.

The oldest unclaimed prize in Suffolk dates back to May 1967 and is worth £25.

Across the UK there are over 974,000 unclaimed Premium Bonds prizes worth more than £45m.

Unclaimed prizes stretch right back to the first anniversary of the original draw. A man from South Yorkshire is yet to claim his £25 prize from November 1957. There is no time limit for claiming prizes.

The largest individual unclaimed prize is worth £100,000.

NS&I say they have paid out more than 286 million tax-free prizes worth approximately £14.9bn since the first draw in 1957.

Premium Bonds are an investment where, instead of interest payments, investors have the chance to win tax-free prizes. They were launched by Harold Macmillan in his 1956 Budget.

The odds of an individual bond number winning a prize in the latest draw were 26,000 to 1.

1 comment

  • When we first 'invested' (?) in premium bonds, we had a 'spare £1000 and in the first year the returns we had in 'wins' were more than the interest being paid by building society's over a 12 month stretch. Since then... nothing. That £1000 is now worth LESS..

    Report this comment

    musicman

    Sunday, January 5, 2014

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