Premium Bonds draw looms for savers – could you start 2022 as a millionaire?
Martin Lewis gives updated advice on premium bonds
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Premium Bonds are overseen by NS&I, the Government-backed savings institution, historically administering the lottery bond. They remain a popular way to save, despite the option not having an interest rate to give Britons a return on their cash. This is because, instead, they have a prize rate fund which goes towards covering the cost of a host of prizes.
In each monthly draw, a person could be in with the chance to clinch £1million.
However, there are a whole host of other prizes on offer, ranging all the way down to £25.
With the January draw now just three days away, savers will be hotly anticipating which numbers will be picked.
Once the draw takes place, how can Britons cross-reference to see if they have been lucky?
Thankfully, NS&I has designed the process to be as easy as possible.
All individuals will need to do is use NS&I’s prize checker service to see if they have been fortunate enough to secure a prize.
On the official NS&I website, Britons can enter their holder’s number and then be told if they have won.
The holder’s number has either 10 or nine digits, or eight digits followed by a letter.
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It can usually be found on a person’s Bond record or by logging in to their account.
NS&I describes this as the “quickest way” for savers to determine whether or not they have won a prize.
The prize checker will not only show savers this month’s prizes, but also anything they have won in the previous six draws.
It will scour NS&I records to additionally check for older prizes which have not yet been claimed by the person in question.
Despite NS&I Premium Bonds dating back to the 1950s, the lottery bond is changing with the times.
As a result, Britons can check to see if they have won in other ways – namely, at the touch of a button.
The same information from the prize checker can be gained on the NS&I app which can be downloaded onto Apple or Android devices.
And now, individuals can also check for prizes simply by using their voice with Amazon Alexa.
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NS&I explains: “If you have an Amazon Alexa look out for the Premium Bonds prize checker skill.
“Once you’ve enabled the skill you can check for prizes, find out when the next results are available and if you have any unclaimed prizes.”
People can choose to have any prizes paid directly into their bank account or reinvested into more Bonds.
NS&I should also contact Britons by text or email if they win.
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