The latest Premium Bonds prize draw has resulted in more than £1.8 million being won by Hampshire and Isle of Wight residents.

A total of 128 people won high-value prizes in the October draw, according to research by topratedbingosites.co.uk.

Two people won £100,000 each, while 11 others won £50,000, 18 won £25,000, and 34 won £10,000.

The combined prize total amounts to £1,855,000.

The average holding amount of Premium Bonds for these winners was £41,423.

In the nationwide context, October saw 1,503 high-value prize winners, including two individuals who claimed the £1 million jackpot.

Mike Bennett, chief author and industry expert at topratedbingosites.co.uk, said: "This data shows why Premium Bonds continue to be such a popular savings choice for so many people.

"They offer the perfect balance between safety and excitement, combining a secure place to store your money with the thrill of potentially winning a tax-free cash prize.

"What makes Premium Bonds particularly appealing is that you don’t risk losing your initial investment, while still having the opportunity to win big.

"Premium Bonds offer something truly unique, and that’s why they remain a firm favourite for savers who want a bit more excitement from their savings."