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# Suffolk Premium Bonds holders scoop over £8.2m in prizes this month
- URL: https://www.ipswich.co.uk/suffolk-premium-bonds-holders-scoop-over-8m-this-month/
- Published: 2024-10-11T06:55:50.000Z
- Updated: 2026-03-16T15:33:10.000Z
- Description: Suffolk residents have won over £8.2 million in Premium Bonds prizes this month, with thousands of bondholders scooping cash rewards.
- Author: Oliver Rouane-Williams
- Tags: News, #article, #Import 2026-03-16 14:46

**The big picture:** Premium Bonds, issued by National Savings and Investment (NS&I), offer a unique investment opportunity where holders can win tax-free prizes ranging from £25 to £1 million instead of earning traditional interest.

**By the numbers:** This month, 103,575 prizes were awarded to Suffolk bondholders with a total value of £8,245,275.

- 294 Suffolk residents won £1,000 prizes
- 34 bondholders scooped £5,000 rewards
- 20 lucky investors claimed £10,000 prizes
- 7 Suffolk residents won substantial £25,000 prizes
- 3 bondholders hit the £50,000 jackpot
- 4 fortunate investors claimed the top prize of £100,000

**How it works:** Premium Bonds are entered into a monthly prize draw, giving holders the chance to win cash prizes while their initial investment remains safe. The odds of winning a prize in the monthly draw are one in 21,000.

**The bottom line:** While not guaranteed to win, Premium Bonds offer investors an opportunity to potentially grow their savings through tax-free prize draws. If you want to find out more, Money Saving Expert's Martin Lewis has a good guide: [https://www.moneysavingexpert.com/savings/premium-bonds/](https://www.moneysavingexpert.com/savings/premium-bonds/?ref=ipswich.co.uk)

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