In the latest update for November 2025, the winners of the £1million Premium Bond prizes have been revealed. One lucky individual from Shropshire secured the first £1million prize with a maximum holding of £50,000 in Premium Bonds. Their winning bond number, 258GE105589, was obtained in October 2015. The second £1million winner, residing in York, also possessed £50,000 in Premium Bonds, with the winning bond number 568FY679677 purchased in February 2024.
Premium Bonds, offered by National Savings & Investment (NS&I), differ from traditional savings products by entering holders into a monthly prize draw instead of providing a fixed interest rate. While the monthly prizes range from £25 to £1million, winning is not guaranteed, and most prizes tend to be smaller amounts.
The odds of winning a prize vary, with a higher number of smaller prizes like £25 compared to the limited number of £1million prizes. The maximum amount allowed in Premium Bonds is £50,000, with each £1 invested providing a unique bond number. The odds of winning stand at 22,000 to 1 for every £1 bond.
Andrew Westhead, NS&I Retail Director, congratulated the two jackpot winners from Shropshire and York, stating that they have each received a significant boost of £1million towards the festive season. Winners are typically notified via email or text message by NS&I, allowing them to choose to receive the prize in their bank account or reinvest in Premium Bonds.
To check if they have won, individuals can utilize the NS&I online prize checker or the Premium Bonds prize checker app. The current prize fund rate, equivalent to an interest rate for Premium Bonds, is at 3.60%. While the prize fund rate has slightly decreased in recent months, resulting in a lower number of larger prizes being awarded, the number of smaller prizes has increased.
Despite these changes, two £1million prizes are still awarded monthly. The latest adjustment to the prize fund rate occurred in the August 2025 draw, reducing it to 3.60%. With nearly 23 million Premium Bonds holders, the popularity of this savings product remains high.