Premium bonds can pay out hugely substantial rewards to bond holders and every month two people in the UK are made millionaires. The prize winners for May have been announced and bond holders can check if they’ve been lucky enough to win online today.
It should be remembered that the prices of a million pounds are not the only awards paid out.
Premium bonds pay multiple prizes which can range from £25 to £100,000.
For the May prize draw, more than 3.5 million prizes worth over £100million will be paid out.
Of these prizes, over 100 of them will be worth £10,000 or more.
Premium bonds aren’t the only offering the NS&I provide, they also have multiple savings accounts available for customers.
On top of their premium bonds, the organisation also offer investment themed bonds, various ISAs and savings accounts.
Over the years however the company has also stopped offering a number of pension/retirement themed options such as the 65+ guaranteed growth bonds account and pensioners guaranteed income bonds.
As they have so many accounts to offer they’re likely to receive a lot of queries, however, they have warned that they are receiving more calls than usual at the moment due to coronavirus.