In the latest January 2026 update, Premium Bond results were revealed today, bringing fortune to two individuals with a £1 million windfall each to kick off the New Year.
The first lucky winner, residing in Suffolk, holds the maximum £50,000 in Premium Bonds, with the winning bond number 570QM451332 acquired back in February 2024. Similarly, the second £1 million winner hails from Berkshire, also holding £50,000 in Premium Bonds, with the winning bond number 377PG290829 purchased in December 2019.
Premium Bonds, offered by National Savings & Investment (NS&I), provide a unique savings opportunity where instead of receiving a fixed interest rate, participants are entered into a monthly prize draw.
The smallest prize in the monthly draw is £25, while the grand prize stands at £1 million. While winning a prize each month is not guaranteed, there are more frequent smaller prize distributions compared to the larger sums.
The odds of winning a prize each month with a single bond are 22,000 to 1. Winners are notified via email or text message by NS&I, allowing them to choose between receiving the prize in their bank account or reinvesting it in more 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 for Premium Bonds, akin to an interest rate, stands at 3.60%, a rate maintained since the August 2025 draw. Despite a slight decline in the prize fund rate recently, resulting in fewer large prizes being distributed, two £1 million prizes are still awarded monthly among more than 24 million Premium Bonds holders.
Recent data, shared with This is Money, highlighted the luckiest regions for Premium Bond prizes. Hampshire and the Isle of Wight saw 42 individuals claim the second-largest prize of £100,000 in 2025, followed by Essex and Outer London with 37 and 32 £100,000 prize winners, respectively. Moreover, the £1 million jackpot was secured twice in Norwich and Cumbria in 2025.