The two successive rate cuts mean the odds of winning a Premium Bonds prize are now 22,000 to one. In the November 2024 draw they stood at 21,000 to one.
Other lucky winners scooped big prizes with tiny holdings in the first Premium Bonds prize draw of the year.
Meanwhile, another Premium Bonds holder based in North East Scotland also won £50,000 with a holding of £250 from a bond purchased in December 2013.
The likelihood of winning at least £50,000 with a £100 holding is one in 4.7million while the odds of winning this prize with a £250 holding are 1.8million to one, This is Money analysis reveals.
It was a true case of beginner’s luck for this winner, who purchased their winning bond in November 2024. January’s draw was the first one their bond was eligible for.
One of the coveted £1million jackpot prizes was won by a saver in Gloucestershire who holds the maximum £50,000.
One winner from Cornwall scooped £50,000 with a holding of just £100. They purchased their winning bond in March 2011.
A Premium Bonds holder has started the new year with a bang after winning the biggest prize on offer on their first try.
