Premium Bonds October Draw: lucky Londoner scoops big prize in October draw and how to enter

With the start of a new month, it means that National Savings and Investment have once again drawn bond numbers in their monthly Premium Bonds prize draw, with a number of winners from the London region in October.

October’s jackpot winners, earning a cool £1 million, saw a Premium Bond holder from Outer London pick up one of the two jackpots with the winning bond number of 333XB827779

The second winning Bond number drawn was 226HV323415 and led to a Suffolk resident picking up the final £1m jackpot.

In her monthly comment after each Premium Bond prize draw, Jill Waters, NS&I Retail Director, stated that “Premium Bonds are not just about the £1 million jackpot prize – from this month, we’ve increased the prize fund rate and added a massive £79 million to the prize pot.”

“People up and down the country will have more chances to win prizes ranging from £50 up to £100,000, as well as our two jackpot prizes.”

What are Premium Bonds?

Premium Bonds are an investment product issued by National Savings and Investment (NS&I). Unlike other investments, where you earn interest or a regular dividend income, you are entered into a monthly prize draw where you can win between £25 and £1 million tax free.

A minimum of £25 is required to buy Premium Bonds and you must be aged at least 16 to purchase them, however you can buy them on behalf of your child, grandchild or great-grandchild as an investment in their future.

The maximum level of holding for Premium Bonds is £50,000.

Premium Bonds though are not recommended as a means of regular income, guarantee returns or if you have concerns over the impact of inflation on your savings.

You can read all the terms and conditions regarding Premium Bonds over at the National Savings and Investment website.

How does the Premium Bonds prize draw work?

A unique bond number is issued for every £1 invested, so a £100 investment in premium bonds would equate to 100 bond numbers, each with a chance to win after being held for a full month.

Every month Bond holders, whose numbers are generated at random by NS&I’s random-number generator, ERNIE, can win prizes from £25 to £1 million and are all tax-free.

Full list of Premium Bond winners in London

Though perhaps not as large as the £1 million jackpots, every little helps while we experience the cost of living crisis.

Two lots of £100,000 were won by Premium Bond holders in Inner and Outer London, while another Inner London resident won £50,000

A full list of October 2022 winners from around the London area are as follows - are you one of the lucky ones this month?

£1m

• 333XB827779

£100,000

• 420RP067171
• 381BK882864

£50,000

• 421PN389566

£25,000

• 65QX815636
• 422YL905374
• 420GV766559
• 445AW041945
• 117XM387429

£10,000

• 351NT011576
• 456NN296743
• 431WT660151
• 400LM372167
• 475VE298804
• 489BG232102
• 164FR416893
• 501ZC902161
• 222DG190349
• 176QC397686
• 441KW604248
• 272BY676995
• 459SS492850

£5,000

• 102JP815686
• 318PZ615321
• 394QC680736
• 142JK327358
• 59QX537299
• 358TH419275
• 3LW172866
• 83RA673082
• 505AQ618129
• 312KM573166
• 373DA747209
• 223PT532648
• 346XH560764
• 487NB764125
• 10SX979415
• 365TJ522797
• 290DS306419

How do I check if I’ve won?

You don’t have to do anything else aside from check if your issued bond number is a winner by checking over at the National Savings and Investment website.