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Two Savers Land £1 Million in NS&I Premium Bonds Draw; Prize Rate Falls to 3.6%

NS&I is urging holders to verify accounts after more than 2.5 million Premium Bonds prizes went unclaimed

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Overview

  • The August draw produced two £1 million jackpot winners—one from Central Bedfordshire with £7,000 in bonds and another overseas holding £50,000
  • NS&I has trimmed the prize fund rate from 3.8% to 3.6% for August following successive cuts this year
  • Over 2.5 million prizes worth more than £103 million remain unclaimed, prompting intensified tracing efforts
  • Premium Bonds remain tax-free investments with 24 million participants and total holdings of £127 billion secured by HM Treasury
  • NS&I is urging bondholders to check results via its website or app and to keep a UK bank account to receive any winnings