In the latest update for December 2025, the results of the Premium Bond draw were revealed, bringing fortune to two individuals with £1 million each.
Monthly, two individuals are awarded £1 million through the Premium Bond scheme. In the December 2025 draw, one fortunate winner resides in Norwich, holds £35,000 worth of Premium Bonds, and purchased the winning bond number 591RD417238 in August 2024. The second £1 million winner hails from Cornwall, possesses £20,000 in Premium Bonds, and secured the winning bond number 615WP633178 in February 2025.
Premium Bonds, offered by National Savings & Investment (NS&I), differ from traditional savings accounts by entering participants into a monthly prize draw instead of providing a fixed interest rate on savings.
Prizes in the Premium Bonds range from £25 to £1 million, with the majority of prizes being smaller amounts. While winning is not guaranteed, individuals have the chance to win significant sums each month, including the coveted £1 million prize.
NS&I Retail Director Andrew Westhead congratulated the winners and highlighted the festive appeal of Premium Bonds, with millions of pounds in prizes distributed each month to over 22 million bondholders.
Participants can check if they have won using the NS&I online prize checker tool or the Premium Bonds prize checker app. The prize fund rate, currently at 3.60%, serves as an indicator of potential returns.
Despite a slight decrease in the prize fund rate in recent months, the scheme continues to offer two £1 million prizes monthly. The August 2025 draw saw the rate reduced to 3.60%, impacting the distribution of prizes among bondholders.
Individuals who win a prize are notified by email or text message and can opt to have the winnings deposited into their bank account or reinvested into Premium Bonds.
With nearly 23 million people holding Premium Bonds, the scheme remains a popular choice for those seeking both the chance to win big and a unique approach to saving.
