May 2019 Premium Bond Winners

If you recently purchased bonds that are May 2019 Premium Bond Winners you might want in knowing how many people who bought these bonds are likely to be winners in the prize draw in May. The size of the prize pool will increase with the number of buyers who purchase increasing amounts of bonds.

Prize winners from the premium bond prize draw for the May draw

The monthly Premium Bond Prize draw hosted through National Savings and Investments has given many lucky winners. Since the very first draw in 1957, more than half a billion dollars worth of tax-free prizes has been handed out.

The top premium bond award, PS1m, is won by a savings guru in Stoke-on-Trent. In the following four months, He became the eighth millionaire in the region.

The most prize unclaimed is worth about PS25,000. The majority of prize money that is not claimed is directly deposited into the client’s bank account.

Premium Bonds aren’t an exact method of earning money. But, many have decided to use Premium Bonds as a secure haven. They provide the opportunity to win tax-free money every month. They they can also be bought for grandchildren and children.

In May in May, the Premium Bond draw gave the winners a total of 3,292,546 prizes. This is higher than the two previous draws together.

What’s the size of your prize pot?

A huge prize pool is among the prizes you can expect to find during the Premium Bonds grand raffle. The amount you can take home can vary quite greatly based on the number of bonds you’ve bought. If you do manage to win the jackpot it could mean you’re putting aside as much as PS1 million cash. If you’ve got money to spare, you can even put the winnings into more bonds.

It’s true that the NS&I Premium Bonds’ large prize pool is somewhat of a mystery for many. While you might have heard about the prize pool, however, you’ll be to figure out how many prizes actually given out every month.

To improve the chances of winning the prize, NS&I has rejigged its prize pool. It means there are three times the amount of prizes in January as the prizes available in December.

What causes the prize pool to get bigger?

The most recent prize bond draw has handed out more than one million dollars in prizes, including more than one hundred dollars for PS100,000. which is a huge win for the bondholder who is lucky enough. With the average price of bonds being just a fraction of PS10,000, there are many who are willing to bet on the bond. 

The most important concern will be how long the winner has to wait until they receive their prize. Certain bonds are suitable to be drawn in the prize draw every month after they are purchased in May mid-way. There’s also a catch-22 in that winning a prize depends on the purchase of an investment bond that is premium for at least one month prior to the draw.

NS&I The organization that is responsible for coordinating the scheme provides an abundance of information available in its site. They have even put forth efforts to address any queries their members have. One of its offerings is the Premium Bonds brochure, which is an absolute source of valuable details. Utilizing the website’s tools, you can learn the type of bond you should buy and what the minimum payout size is, and also the regulations of playing.

How are the prizes set up?

This type of bond has been in existence for a long time and has grown in popularity as time passed. They’re a great method to save money for the future or in case of an emergency. They can be purchased via the internet, by phone, or through a bank transfer. They’re tax-free and there aren’t any penalties when you cash into them. 

The process of investing in Premium Bonds can be fun as well. In the event that you’ve already been a Bond owner for a long time and you want to scan your receipt to verify the ownership. This can trigger a reward payment.

In spite of the fact, there are millions of Bonds floating around however, it’s not often that you find winners. The majority of winners are contacted via post or text message.

One of the top reasons to choose to invest in Premium Bonds is the chance to win the jackpot. These jackpots can be worth up to PS100,000 or more. However, most prizes are of a low value.

What if I could get 1.4 percent on premium bonds?

Premium Bonds are lottery bonds that were issued through the United Kingdom government. They’ve been in existence since 1956. Every month, holders of premium bonds get entered into an award draw in order to win cash that is tax-free. The prizes range in value from PS25 to PS1m.

Premium Bonds can be bought via the internet or by calling. You can also purchase bonds by posting them to the post office. However, you are not able to make use of cash-back credit cards to buy bonds.

Premium bonds are issued by the National Savings and Investments (NS&I) agency. The government guarantees to purchase the bonds at the price they were issued at. This means that you’ll are guaranteed capital security.

Premium Bonds can also be an excellent option to save extra cash for people who earn higher. For instance, if you have a huge savings fund, you could put some of it into Premium Bonds.