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Premium Bonds May 2022 draw looms – how to check if you have won £1million | Personal Finance | Finance

Premium Bonds have been a popular savings method for decades, with many hoping to win big. They are offered by the Government-backed savings provider NS&I, which guarantees 100 percent of the money people save into their Premium Bonds.

While Premium Bonds do not have an interest rate, there is another attractive draw to the option.

This is the chance to win anything from £25 to £1million with a monthly prize draw.

With the May 2022 prize draw looming in only days time, many savers will want to be poised to check their Bond numbers.

The next results will be available on May 4, and there are a number of ways Britons can check their numbers.

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“Once you’ve enabled the skill you can check for prizes, find out when the next results are available and if you have any unclaimed prizes.”

If a person is lucky enough to win, they can also have their prizes paid out in numerous ways.

Perhaps the most popular is having prizes sent straight to one’s bank account, described by the provider as the “easy and safe” option.

Others will choose to receive a cheque through the post, but this will take longer.

Finally, people can have their prize reinvested into purchasing more Bonds.

It could be a good way to boost a person’s chances of securing a win again.

In April, the two Premium Bonds millionaires hailed from West Sussex, as well as Hereford and Worcester.

The West Sussex millionaire had the winning Bond number 112WT615892, and a holding of £49,995.

The winning Bond had a value of £2,000 and was purchased in July 2006.

The second millionaire had the winning number of 117XT770430 and the maximum holding of £50,000.

The lucky Bond was purchased in October 2006 and had a value of £5,000.

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