logo
NS&I Premium Bond results July 2025 confirmed - see if you're £1million richer

NS&I Premium Bond results July 2025 confirmed - see if you're £1million richer

Daily Mirror01-07-2025
Premium Bonds are a savings product run by National Savings & Investment (NS&I) where you're entered into a monthly prize draw - here are the big winners for July 2025
Premium Bond results for July 2025 are in - and two people in the UK are now £1million richer. The first big winner lives in Norwich and they hold the maximum of £50,000 in Premium Bonds.
Their winning bond number was 224LR913240 and they purchased it in June 2014. The second winner lives in Nottingham and they hold £49,100 in Premium Bonds.

Their winning bond number 83EP714276 was purchased almost 30 years ago in October 1997. Premium Bonds are a savings product run by National Savings & Investment (NS&I) where you're entered into a monthly prize draw.

Have you won big on Premium Bonds and want to share your story? Let us know by emailing: mirror.money.saving@mirror.co.uk
The prizes start at £25 and go up to £1million - but some months, you may not win anything at all. You get a unique bond number for every £1 invested, and the maximum you can have saved in Premium Bonds is £50,000.
The odds of a bond winning each month are 22,000 to 1 for every £1 bond - but most prizes are for smaller amounts. The prize fund rate - the nearest thing Premium Bonds has to an interest rate - is currently 3.80%.
Last month, NS&I confirmed its prize fund rate is being reduced to 3.60% from its August 2025 draw. There will still be two £1million prizes given out next month, but there will be a larger number of smaller prizes available.
Andrew Westhead, NS&I Retail Director, said: 'This adjustment to the Premium Bonds prize fund rate – the first in four months – reflects the changing landscape for savings.

'Premium Bonds maintain their unique appeal by offering complete security backed by HM Treasury, the flexibility to withdraw easily, and the excitement of potentially winning a tax-free prize each month.
'The August draw is expected to deliver more than 6 million tax-free prizes worth over £396 million. By making this adjustment now, we're able to continue to balance the interests of savers, taxpayers and the stability of the broader financial services sector.'
You can use the NS&I online prize checker tool, or the Premium Bonds prize checker app, to see if you've won. If you're a winner, you can have the money paid into their bank account, or reinvest it into new Premium Bonds.
You should be emailed or sent a text message from NS&I if you win. Premium Bonds are held by around 22.7 million people.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Why the North needs a headstart to tackle the housing shortage
Why the North needs a headstart to tackle the housing shortage

The Independent

time2 hours ago

  • The Independent

Why the North needs a headstart to tackle the housing shortage

West One Loans is a Business Reporter client The North of England requires significant investment to meet housing demands and reach the government's target before 2030. House-building in the North of England needs to see the greatest uplift compared with other regions if the country is to reach the government's national target of 370,000 homes per year. However, historical figures on net additional dwellings suggests that Labour is unlikely to meet its ambitious targets by 2030. That's according to the latest forecast by West One Loans, a leading provider of property finance and specialist mortgages, which compared figures on local housing need in each region, according to reforms as a result of the National Planning Policy Framework. According to the new framework, local housing requirements across England are set to increase by 21.4 per cent. The changes come as a result of the government's proposed reforms to the National Planning Policy Framework, and other changes to the planning system, with the most recent consultation held between July and September of last year. The framework acts as a rulebook for planning, giving local authorities an idea of what's required in order to achieve sustainable growth in the planning system. One major change proposed is a national housebuilding target of just over 370,000 new homes per year. At local authority level, the government is looking to remove or revise existing intervention criteria in a bid to stop nimbyism halting projects. Where do we need to see the most new homes built under new guidelines? According to research by West One Loans, on a regional level, it's the North East of England that needs to see the largest improvement. Under previous standards, some 6,123 homes a year were required by government calculations. However, under the new standard method, this figure will now sit at 10,976 – an increase of 79.2 per cent. In the North West, the number of homes now required on an annual basis has increased by 61.3 per cent, with the South West (41.8 per cent), South East (37.9 per cent) and Yorkshire and the Humber (33.5 per cent) also seeing some of the largest increases. Historical figures suggest targets remain unrealistic But are these latest revised guidelines realistic? Figures show that the government has been unsuccesful in its ability to deliver a substantial number of new homes to market across England. This is despite the fact that the government bases its housing supply success on net additional dwellings delivered, rather than actual new homes built – which accounts for the entire housing supply picture, including change of use, conversions and other gains, as well as being offset by demolitions, thus skewing the reality of how many new homes are actually built. During the Autumn Budget in 2017, the previous government set out plans to reach 300,000 net additional dwellings by the mid-2020s. An ambitious target when you consider that over the previous 10 years, the closest the UK came to achieving such a goal was in 2007/08, when 223,534 additional net dwellings were delivered. In the years that have followed, successive administrations have also fallen short of similar targets, with 2021/22 seeing the highest number of net additional dwellings delivered at 234,462 and no real consistency achieved in terms of increased delivery rates on a year on year basis. In fact, as we now reach the original deadline of the mid-2020s, the latest figures show that additional net dwellings numbers have actually fallen over the last two years, hitting 221,071 in 2023/24. Whilst the current government's intention to deliver 370,000 new homes a year are admirable, these figures suggest that they are also highly unrealistic, given the previous and consistent failings with respect to net additional dwellings growth. 'Our new Labour government has been quick out of the blocks with respect to new housing delivery, and its introduction of grey belt land classification is certainly one of the more positive steps we've seen in recent times,' says Co-Head of Short-Term Finance at West One Loans, Guy Murray. 'However, while admirable, the target of 370,000 new homes per year seems ambitious at best, particularly when you consider the failure of the previous government to come anywhere close to its target of 300,000 new homes per year. 'The key to boosting housing delivery is developer incentivisation, and this can take many forms – tax breaks, grants, credits or rebates, or improvements to help streamline the process, such as easing zoning regulations. 'Of course, the biggest incentive is a buoyant market, and we're yet to see the current government make any real statement with respect to stimulating buyer demand levels. In fact, they've done quite the opposite by failing to extend current stamp duty relief thresholds beyond the end of March.'

Quant Insight completes series C funding
Quant Insight completes series C funding

Finextra

time3 hours ago

  • Finextra

Quant Insight completes series C funding

Quant Insight, the breakthrough macro factor analytics company serving institutional investors globally, announced completion of its Series A funding round led by 7RIDGE. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The investment will accelerate Quant Insight's global expansion, enhance its unique macro factor risk models, and strengthen its position as the leading provider of macro intelligence for modern investment management. Solving the Hidden Macro Risk Challenge Quant Insight addresses a critical gap in portfolio management: the inability to quantify macro exposures that drive over 50% of equity returns during market stress. While traditional risk models focus on equity style factors, macro risks drive returns during market volatility. "Macro factors increasingly challenge equity investors' ability to generate alpha, yet they remain hard to quantify," said Mahmood Noorani, CEO of Quant Insight. "Our platform provides this critical missing piece—quantifiable macro factor intelligence that complements traditional style factor models." Strategic Partnership for Fintech Excellence 7RIDGE brings exceptional domain expertise with a proven track record scaling enterprise-facing technologies for trading, capital markets, and investment management. The firm's portfolio includes Digital Asset Holdings, Trading Technologies, and Raft Technologies. "Quant Insight represents exactly the type of transformative technology that makes the global financial system more robust and efficient," said Carsten Kengeter, CEO of 7RIDGE. "Quant Insight's macro risk analytics fill a genuine market need with rigorous quantitative methodology. We're excited to leverage our capital markets expertise to help scale their platform globally." Proven Technology Quant Insight's platform provides three core solutions: Macro Factor Equity Risk Model (MFERM): Decomposes portfolio returns into explainable macro components and provides clarity on macro exposure Cross-Asset Valuation Engine: Identifies macro dislocations and fair value gaps across asset classes Asset Management Solutions: Construction of active ETFs and risk hedging products The technology covers 13,000+ global assets with API integration and partnerships with leading risk platforms. The Series A funding will enable global expansion, enhanced platform capabilities with machine learning, scaled operations, and new applications for macro intelligence.

Study reveals insurers reliance on AI for investment
Study reveals insurers reliance on AI for investment

Finextra

time3 hours ago

  • Finextra

Study reveals insurers reliance on AI for investment

Insurance investment managers and investment managers working for insurers are increasingly using AI to guide and improve their investment strategy as spending on new applications increases, a new global study* shows. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. A survey from Ortec Finance, of investment managers responsible for $10.48 trillion assets under management, found nearly half (45%) believe AI will be critical to investment strategy and asset allocation within five years, with a further 48% expecting it to be of significant importance. The growing importance of AI for insurers is underlined by research from Ortec Finance, a leading global provider of risk and return management solutions for insurers, pensions funds and asset management companies. All firms surveyed expected their investment in AI to rise, with nearly half (49%) of respondents saying their organization's budget for AI applications will rise by 75% or more over the next 12 months. That comes on top of increased spending in the past 12 months – 90% of respondents said they had already boosted spending on AI applications over that period. Almost all (99%) currently use AI in the investment process with 91% having adopted it more than a year ago. Around a third (31%) have done so for more than two years. Around 60% say they use AI for evaluating investments, with 62% using it for client engagement and 55% using it for marketing. When asked where AI delivers the greatest value, (41%) point to investment evaluation while 21% say it has the biggest positive impact in risk management. Just one in eight (12%) say AI has the biggest positive impact in reducing operational costs. Marketing and client engagement was considered most impactful by16% of respondents, with 4% citing compliance and reporting. Hamish Bailey, Managing Director UK, and Head of Insurance & Investment said: 'AI is already being used in some form by insurers and investment managers, and looks like this will continue to grow. 'Within five years AI will play a critical or highly important role in investment strategy and asset allocation for nearly all organizations surveyed, a trend clearly reflected in plans to significantly increase budgets in the next 12 months. 'Given the strategic importance placed on the role of AI, it is crucial that companies can maximize their investments with access to appropriate tools and expertise.' Ortec Finance supports insurers and asset managers by providing advanced scenario analysis, balance sheet simulation, and portfolio optimization tools that take account of dynamic asset/liability interactions, liquidity and solvency constraints and help navigate market uncertainty to help make data-driven, resilient investment decisions.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store