The latest results for Premium Bonds in January 2026 were unveiled today, bringing news of two individuals who have each struck it rich with a £1 million windfall to kick off the New Year.
Hailing from Suffolk, the first fortunate winner possesses the maximum allowable amount of £50,000 in Premium Bonds. Their winning bond number, 570QM451332, was secured back in February 2024.
Meanwhile, the second £1 million recipient resides in Berkshire and also holds £50,000 in Premium Bonds. Their winning bond number, 377PG290829, was purchased in December 2019.
Premium Bonds, a savings product offered by National Savings & Investment (NS&I), differ from traditional interest-bearing accounts by entering participants into a monthly prize draw instead of accruing a fixed interest rate.
Have you recently hit it big with Premium Bonds and wish to share your success story? Drop us a line at: mirror.money.saving@mirror.co.uk
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The monthly prizes for Premium Bonds range from £25 to £1 million, but winning a prize each month is not guaranteed. The distribution favors smaller prizes, with thousands of £25 prizes compared to only two £1 million prizes.
Participants can hold a maximum of £50,000 in Premium Bonds, with each £1 investment yielding a unique bond number. The odds of winning a prize stand at 22,000 to 1 for every £1 bond held. Winners are notified via email or text message by NS&I.
Upon winning, recipients can opt to have their prize deposited directly into their bank account or reinvested in Premium Bonds. The NS&I online prize checker tool or the Premium Bonds prize checker app can be used to verify if a prize has been won.
The current prize fund rate for Premium Bonds, akin to an interest rate, stands at 3.60%, remaining unchanged since the August 2025 draw. The rate has seen a gradual decline recently, resulting in a decrease in larger prizes awarded and an increase in smaller prizes.
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