London residents win more than £4,200,000 in November Premium Bonds prize draw – London Business News | Londonlovesbusiness.com

The winners of the latest Premium Bonds prize draw have been announced – with 319 lucky winners in London scooping up a combined prize total of £4,205,000 for high value prizes only.

New research from online bingo reviews website NoDepositRewards.com analysed the latest data from National Savings and Investment (NS&I) after the winners of the November Premium Bonds prize draw were announced – with 8 lucky people in London scooping up a big win of £100,000.

As well as the six-figure prize, 17 people in London won £50,000, 29 people won £25,000, and 101 people won £10,000.

Of the 319 winners from London, the average holding amount of Premium Bonds was £39,618.

At the national level, there were 1,437 winners of high value prizes for the month of November. In total £44,175,000 was won between 3,124 winners, with 2 people winning the £1m jackpot, 84 people winning £100,000, a further 169 winners scooping up £50,000, 338 securing £25,000, and 844 welcoming £10,000.

The luckiest region, based on winnings per £1000 in holdings, was Cumbria, whose winners received £1,370,000 with only £1,145,254 in holdings – £1,196 for every £1000 held.

Mason Jones of NoDepositRewards.com said, “This data shows why Premium Bonds are a unique and popular savings choice for so many people. Premium Bonds offer savers a way to potentially earn a return without the risk of losing their initial investment.

“The investments are backed by the UK government, providing a sense of comfort and stability while preserving capital. Premium Bonds will remain a favourite option as they offer a low-risk and potentially rewarding alternative to traditional savings accounts.”

How to see if you’ve won on Premium Bonds

Prize draws are conducted every month and see prizes up to £1,000,000 given away.

To find out if you have ever won a Premium Bonds prize, you will need to dig out your holder’s information and head over to the prize checker.

You will need your holder’s number which you can find on your bond record, or in the app.

You can also use your NS&I number which you should be able to find on any communication about your bonds.

You can check your account via the NS&I website.