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Hum    6,933

A LUCKY winner has scooped a ?1million Premium Bond jackpot ? but does not know it.

The mystery woman is living in Tyne and Wear but has still not claimed the life-changing prize.

The winning Bond was bought in March 2008 after an investment of ?30,000. It is one of more than 305,000 Premium Bonds worth more than ?417million across the region.

And there could be more prize winners out there who don?t realise they are holding on to a fortune.

In Tyne and Wear, more than 6,800 Premium Bond prizes worth almost ?400,000 remain unclaimed.

Across the country, there are more than 680,000 unclaimed Premium Bonds prizes worth more than ?39million.

?The great news about unclaimed Premium Bond prizes is that there is no time limit on claiming the prize, so it will always be there waiting for it?s rightful owner.

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Growled    3,880

The winner probably doesn't need it anyway.

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Hum    6,933

Can a UK person explain this bond better ?

Is it like our USA lottery tickets ?

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+theblazingangel    137

Can a UK person explain this bond better ?

Is it like our USA lottery tickets ?

I've no idea how your lottery works exactly, but I presume it's the same as our National Lottery ("lotto"), (where for ?1 you pick some numbers and you can win prizes based on the number of matching numbers when they do the draw), in which case, no, not really

Essentially it's a type of savings account, and instead of interest, you get a chance to win a prize once a month

https://secure.wikimedia.org/wikipedia/en/wiki/Premium_Bond

http://www.moneysavingexpert.com/savings/premium-bonds

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