After a few months of putting 20,000 in the bank, you have an extra million
FromTime2020-7-6
A man who deposited £20,000 in a bank has been told he has an extra £1m in his account just months after he was told he had it all.
The man, from Tyne and Wear, deposited the cash in the bank in early May and bought a senior bond project for national Savings and Investments.It is a savings and investment project led by the UK Treasury and started in 956. It is also the most widely used national finance project in the UK.
On July 1, the man was told he had an extra £1m in his account, all of which he owned.The man was a bit surprised, but it soon dawned on him that he had won the first prize in the non-senior bond project, for a prize of £1m.
The lottery program is designed to encourage people to buy bonds for investment. Each month, 10 lucky winners are drawn, with varying amounts of money awarded.The man was joined by a Surrey woman, whose bonds were bought in 2017.
Many of the winners were unaware they would be drawn, and many of the bonds were purchased months or even years ago, media reports said.In the face of the global pandemic, many Britons have seen the bond as the safest investment, with billions of pounds ploughing into it between March and May.Banks handed out a total of 3.7m bonuses worth £106m in July.
