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Press releaseNATIONAL SAVINGS AND INVESTMENTS MILLIONAIRE LIKELY TO INVEST THE WIN RATHER THAN SPLASH OUT ON LUXURIES01 July 2002Safety 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:
The number and values of the prizes awarded in the July prize draw are:
4. Interesting facts about National Savings and Investments Premium Bonds jackpot winners:
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:
Media team The numbers below are for media use only. Customers wishing to contact NS&I can find details here.
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