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One saver from Greater Manchester has scooped the Premium Bond top prize of £1,000,000 this month as the October winners have been announced today.

On the first of each month, National Savings and Investments (NS&I) reveals all the top prizes won by people with Premium Bonds accounts, and in October, one of the two £1m prizes has been won by a Greater Manchester resident.

NS&I is a government-owned savings bank, formerly called the Post Office Savings Bank and National Savings.

Back in August, the NS&I announced that its prize fund rate was set to reduce by 0.2% (3.8% to 3.6%), just a few months after going from 4% to 3.8% in April.

Despite the prize fund rate reducing, the NS&I confirmed that the same number of prizes would be won by Premium Bond account holders, only

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