In the latest November 2025 draw, the winners of two £1 million prizes in Premium Bonds have been revealed. The first lucky winner, who hails from Shropshire, holds the maximum £50,000 in Premium Bonds with the winning bond number 258GE105589 purchased back in October 2015. The second winner, residing in York, also possesses £50,000 in Premium Bonds and won with bond number 568FY679677 acquired in February 2024.
Premium Bonds, a savings product offered by National Savings & Investment (NS&I), operate through a monthly prize draw system instead of traditional interest rates. Prizes range from £25 to £1 million, with no guarantee of winning each month, meaning some months may result in no returns. The majority of prizes distributed are smaller amounts, such as the numerous £25 prizes versus the limited £1 million prizes.
The maximum amount allowed in Premium Bonds is £50,000, with each £1 investment corresponding to a unique bond number. The odds of winning a prize each month stand at 22,000 to 1 for every £1 bond. Andrew Westhead, NS&I Retail Director, extended congratulations to the recent jackpot winners, highlighting their festive season windfall.
Winners are notified via email or text by NS&I, allowing them to choose between direct bank transfers or reinvesting in Premium Bonds. To check for winnings, individuals can utilize the NS&I online prize checker tool or the Premium Bonds prize checker app. The current prize fund rate, equivalent to an interest rate for Premium Bonds, stands at 3.60%.
While the prize fund rate has slightly decreased in recent months, resulting in fewer larger prizes and more smaller prizes, two £1 million prizes are still awarded monthly. The most recent adjustment occurred during the August 2025 draw, reducing the rate to 3.60%. Nearly 23 million individuals are actively engaged in Premium Bonds, enjoying the chance to win attractive prizes regularly.