February's big Premium Bond winners named - including two new millionaires

Invalid EmailTwo lucky people have become £1million richer after scooping this month's Premium Bonds prizes.

Since the first draw in June 1957, ERNIE has drawn 513 million prizes with a total value of £21.5 billion - but how they arrive has been changing over the years.

From Spring 2021, NS&I will begin to phase out the use of Premium Bonds prize cheques.

The withdrawal of prize warrants will not begin until the spring of 2021, so customers do not need to take action now and can do so at a later date.

At the moment the odds of a bond winning each month are 24,500 to 1, and the vast majority of the prizes are for £25.

A Premium Bond may appeal to those who like a the excitement of waiting to find out if they've won, but if you’re a slow and steady saver, there are more reliable ways to grow your money.

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