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NATIONAL SAVINGS AND INVESTMENTS MILLIONAIRE
LIKELY TO INVEST THE WIN RATHER THAN SPLASH OUT
ON LUXURIES
01 July 2002
Safety conscious British take cautious option when they receive a windfall
The 100th Premium Bonds £1 million jackpot has been won by a lucky South of
England resident with a Bond worth £10,000 bought in October 2001. According to a
recent survey commissioned by National Savings and Investments, the winner is most
likely to invest the windfall before splashing out on a luxury holiday or dream car.
A regional comparison has revealed that some regions have been luckier than others
in the millionaire stakes, with Northern Ireland and the Northeast of England the
luckiest when it comes to winning the Premium Bond jackpot.
The cautious character of Britons was exposed by the results of the research which
showed the most popular way to use the windfall would be to invest it, with one in six
people (17%) naming this as their first preference, followed by taking a luxury holiday,
nominated by 15% and buying a new home, favoured by 14%.
Interestingly, the most popular choice by men was to invest the money whereas
women would opt for a luxury holiday or cruise. Women were also more than twice as
likely as men to donate some of their money to charity and more likely than men to
move to a new home. (See notes to editors). Typically single people favoured the
options of a luxury holiday and dream car compared to married couples preferring to
pay off their debts and mortgage.
The older age bracket were shown to be the most generous group with a huge 39%
of people aged 65 years and over likely to give money away to family and relatives.
Londoners proved the most cautious of all Britons as the most likely to invest their win
and least likely to take a luxury holiday, compared with those in the East and West
Midlands who were the most likely (18%).
Gill Cattanach, Commercial Director, National Savings and Investments said:
"Britain is a nation of sensible savers and investors. When presented with a
significant amount of money, people will err on the side of caution when they
consider how to spend it.
With financial security so important, this puts National Savings and Investments in a
unique position as the only savings and investments provider offering 100% security.
Premium Bonds are a serious but fun investment that offer potentially high returns
and you can get your money back."
ENDS
Notes to editors
1. The National Savings and Investments survey was conducted via phone bus
survey by Taylor Nelson Sofres between 14 and 16 June 2002. The sample size was
1006 adults.
2. Over £17 billion is invested in Premium Bonds and over 23 million people own
them. Since the first prize draw in 1957, over £6.13 billion has been awarded in 95.18
million prizes.
3. The winning Bond was bought in October 2001. This makes them the first ever
Premium Bonds millionaire from East Sussex since the introduction of the jackpot in
1994.
The winner becomes ERNIE'S 100th millionaire. Their details are:
£1 million winning Premium Bond number 39PE 264530
Location of winner
East Sussex
Value of winning Bond
£5,000
Total value of Premium Bonds owned
£10,000
Date winning Bond bought
October 2001
The number and values of the prizes awarded in the July prize draw are:
Prize Value s
(2.40% prize fund rate)
£1 million
1
£100,000
1
£50,000
4
£25,000
5
£10,000
15
£5,000
29
£1,000
1,031
£500
3,093
£100
2,711
£50
596,552
£34,108,050 603,442
4. Interesting facts about National Savings and Investments Premium Bonds jackpot
winners:
The winner with the smallest total holding won the jackpot in March 1995 with a total
holding of £476
The longest held Bonds to win the £1 million were purchased in December 1977 and
won the jackpot in April 1995
What would you do if Overall (%)
you won £1 million
Men (%)
Women (%)
Invest it
17
21
13
Go on a cruise/ luxury 15
holiday
12
17
Move home
14
12
16
Give some to
relatives/family
13
10
15
Pay off loans/mortgage 11
10
13
Buy the car of your
dreams
4
5
4
Donate some to charity 3
2
5
Buy a second home
3
3
3
Take retirement
3
4
2
Put it in the bank
2
3
1
Move abroad/emigrate 1
2
1
Spend it
1
1
2
Buy a boat/yacht
1
1
-
Other
7
8
6
Don't know
5
6
4
5. WINNERS' IDENTITIES AND PRECISE LOCATIONS ARE CONFIDENTIAL. THE
ONLY DETAILS WE CAN RELEASE ARE GIVEN IN THIS PRESS RELEASE.
6. Further information on National Savings and Investments is available on National
Savings and Investments' website at www.nsandi.com
Media Information:
Mark Brooks
020 7348 9301 [email protected]
Angela Metschke
020 7348 9449 [email protected]
Jonathan Ackerman 020 7348 9433 [email protected]
Samantha Bennett
020 7348 9654 [email protected]
Out of hours
077 7896 6387
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find details here.
Gareth Headon
Gill Stephens
Iman Asante
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020 7348 9494
[email protected]
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[email protected]
020 7348 9301
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[email protected]
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[email protected]
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