Premium Bonds were first introduced in 1956, and are now owned by an estimated 23million people in the UK. Unlike other investments, where you earn interest on a regular dividend income, you are entered into a monthly prize draw where you can win between £23 and £1million in tax free money. You will not, however, earn regular income on your bonds. Bond holders are able to cash them in any time without a penalty notice.
What are this month’s winning numbers?
Two lucky winners have cashed in on this month’s winnings.
The recipients of the Premium Bonds prize will be handed £1million in tax-free cash.
The winners this month are a male hailing from Tyne and Wear, who won on the number 392SK696449 after investing £35,000.
The other winner is a female, from Surrey, who won on the number 297WB837011 and invested £50,000.