The winners take home the cash tax-free (Image: Craig Connor/ChronicleLive)

As premium bond winners are announced nationwide, we break down the results locally. We will provide a comprehensive overview of the prizes from the National Savings & Investments Premium Bond programme .

Premium bonds, issued by National Savings and Investments (NS&I), are a UK savings method. Instead of earning interest, savers are entered into a monthly prize draw to win tax-free prizes. The maximum deposit limit is £50,000.

When you purchase these bonds through NS&I , you’ll automatically be entered into a monthly drawing to win a tax-free award up to £1 million. Anyone aged 16 or over can purchase Premium Bonds, and parents, legal guardians, or grandparents can invest on behalf of their child or gr

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