Premium Bonds are a savings product by National Savings & Investment (NS&I) but instead of getting a set rate of interest back on your money, you are entered into a monthly prize draw
Premium Bond results for January 2026 have been announced today – and two people are starting the New Year £1million richer.
The first £1million winner lives in Suffolk and they hold the maximum £50,000 in Premium Bonds. Their winning bond number was 570QM451332 and it was purchased in February 2024.
The second £1million winner is from Berkshire and they also have £50,000 in Premium Bonds. Their winning bond number 377PG290829 was purchased in December 2019.
Premium Bonds are a savings product by National Savings & Investment (NS&I) but instead of getting a set rate of interest back on your money, you are entered into a monthly prize draw.
Have you won big on Premium Bonds and want to share your story? Let us know by emailing: mirror.money.saving@mirror.co.uk
The smallest monthly prize is £25, and the biggest is £1million. However, winning a prize every month isn’t guaranteed – and there are far more smaller prizes given out, versus the bigger sums.
There are usually thousands of £25 prizes given out and just two £1million prizes. The maximum you can have saved in Premium Bonds is £50,000 and for every £1 invested, you get a unique bond number.
The odds of a bond winning each month are 22,000 to 1 for every £1 bond. If you win a prize, you should be emailed or sent a text message from NS&I.
You can then choose to have the money paid into your bank account, or reinvested into Premium Bonds. You can also use the NS&I online prize checker tool, or the Premium Bonds prize checker app, to see if you’ve won.
The prize fund rate – the nearest thing Premium Bonds has to an interest rate – is currently 3.60%. This has been the prize fund rate since the August 2025 draw.
The prize fund rate has been slowly decreasing in recent months,which means the number of some larger prizes being handed out has decreased slightly, while the number of smaller prizes being awarded has gone up.
However, there are still two £1million prizes being given out each month. More than 24 million people currently have Premium Bonds.
The luckiest places for winning Premium Bond prizes were revealed last month in new data shared with This is Money. It showed 42 people living in Hampshire and the Isle of Wight scooped the second biggest Premium Bond prize of £100,000 in 2025.
Essex was the next luckiest location, where 37 prizes worth £100,000 were won last year, followed by Outer London where 32 people scooped £100,000 prizes. The £1million jackpot was won twice in Norwich and Cumbria in 2025.