London residents win more than £4,700,000 in October Premium Bonds prize draw – London Business News | Londonlovesbusiness.com

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The winners of the latest Premium Bonds prize draw have been announced, with 347 lucky winners in London scooping up a combined prize total of £4,700,000 for high value prizes only.

New research from online bingo reviews website topratedbingosites.co.uk analysed the latest data from National Savings and Investment (NS&I) after the winners of the October Premium Bonds prize draw were announced – with 10 lucky people in London scooping up a big win of £100,000.

As well as the six-figure prize, 18 people in London won £50,000, 37 people won £25,000, and 93 people won £10,000.

Of the 347 winners from London, the average holding amount of Premium Bonds was £40,009.

At the national level, there were 1,503 winners of high value prizes for the month of October. In total £46,135,000 was won between 3,269 winners, with 2 people winning the £1m jackpot, 88 people winning £100,000, a further 177 winners scooping up £50,000, 353 securing £25,000, and 883 welcoming £10,000.

The luckiest region, based on winnings per £1000 in holdings, was Gloucestershire, whose winners received £2,410,000 with only £3,150,671 in holdings – £764 for every £1000 held.

Mike Bennett, Chief Author and Industry Expert at topratedbingosites.co.uk said, “This data shows why Premium Bonds continue to be such a popular savings choice for so many people.

“They offer the perfect balance between safety and excitement, combining a secure place to store your money with the thrill of potentially winning a tax-free cash prize.

“What makes Premium Bonds particularly appealing is that you don’t risk losing your initial investment, while still having the opportunity to win big. Premium Bonds offer something truly unique, and that’s why they remain a firm favourite for savers who want a bit more excitement from their savings.”

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