A Premium Bonds holder has scooped one of the two £1million November jackpot prizes with a holding of £5,050 – a return of nearly 20,000 per cent.
The winner, from the West Midlands, bought the winning £50 bond in May 2000, when Britney Spears was dominating the charts with Oops!… I Did It Again and Russell Crowe was box office dynamite with film Gladiator.
The second jackpot winner is based in West Sussex and had the maximum holding of £50,000, bought in August 2021.
Millennium mint: One of the £1m jackpot winners won big from a bond bought in May 2000, when Britney Spears dominated the charts with Oops!… I Did It Again
Data earlier in the week from the Bank of England showed £7.7billion had flowed into National Savings and Investments accounts in September.
While some of this could have been poured into Premium Bonds, the majority of the cash went into its best buy one year fix, paying 6.2 per cent.
Currently, the underlying prize rate of Premium Bonds is 4.65 per cent and the odds of winning a prize are 21,000 to 1.
Premium Bonds Winners
| Prize | Area | Value of bond |
| £1,000,000 | West Midlands | £50 |
| £1,000,000 | West Sussex | £50,000 |
| £100,000 | Kent | £49,975 |
| £100,000 | Northern Ireland | £20,000 |
| £100,000 | North Yorkshire | £5,000 |
| £100,000 | Cornwall | £10,000 |
| £100,000 | Stockport | £10,000 |
| £100,000 | Suffolk | £30,000 |
More November 2023 winners
How do the 2023 winners compare?
So far in 2023, out of the 22 jackpot prizes, nine have been won with those holding the maximum of £50,000 in Premium Bonds.
Meanwhile, three have now been won with holdings under £10,000. The winner with the lowest holding so far in 2023 was in February, when a winner scooped a £1million prize with a £3,000 holding and the bond bought in February 2008.
However, the 2000 bond that won this month is the oldest so far this year to take the £1million.
It means five of the 22 jackpot wins this year have come from bonds bought before 2010. The oldest winner so far this year was a winner in June whose bond was from July 2005.
According to This is Money analysis of the 22 winners, the average holding to win the jackpot in 2023 so far is £35,874.
| Date | Holding | Date bond bought |
|---|---|---|
| Nov | £50,000/£5,050 | Aug 21/May 00 |
| Oct | £50,000/£50,000 | Oct 16/Sept 09 |
| Sept | £30,000/£30,244 | May 22/Jul 16 |
| Aug | £50,000/£23,700 | Dec 22/Apr 23 |
| Jul | £48,750/£20,000 | Mar 22/May 15 |
| Jun | £42,050/£50,000 | Jul 05/Dec 20 |
| May | £50,000/£46,525 | Jan 19/Oct 19 |
| Apr | £50,000/£25,000 | Dec 14/Jun 22 |
| Mar | £50,000/£30,284 | Oct 20/Jan 18 |
| Feb | £30,000/£3,000 | May 06/Feb 08 |
| Jan | £4,625/£50,000 | Jul 21/Jun 20 |
