In the latest announcement, the November 2025 Premium Bond results revealed the fortunate winners of two £1 million prizes. The first winner, holding £50,000 in Premium Bonds, hails from Shropshire with the winning bond number 258GE105589 purchased in October 2015. The second winner, also possessing £50,000 in Premium Bonds, resides in York and secured the £1 million prize with bond number 568FY679677 acquired in February 2024.
Premium Bonds, a savings product offered by National Savings & Investment (NS&I), operate on a monthly prize draw system rather than a fixed interest rate return. Prize amounts range from £25 to £1 million, with larger prizes like the £1 million being less common compared to smaller prizes.
The maximum allowable savings 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, expressed congratulations to the winners and highlighted the festive boost the prizes bring.
Winners receive notifications via email or text message from NS&I, allowing them to choose between direct bank transfer or reinvestment 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 is set at 3.60%.
The prize fund rate has seen a gradual decline in recent months, impacting the distribution of larger and smaller prizes. Despite adjustments, two £1 million prizes are still awarded monthly. In the most recent update, the prize fund rate was cut to 3.60% in the August 2025 draw. The total number of Premium Bond holders stands at nearly 23 million.
