Premium Bonds are a type of 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 November 2025 have been announced today including the lucky winners of two £1million prizes.
The first person who has scooped £1million is from Shropshire and they hold the maximum £50,000 in Premium Bonds. Their winning bond number was 258GE105589 and it was purchased in October 2015.
The second £1million winner lives in York and they also have £50,000 in Premium Bonds. Their winning bond number 568FY679677 was purchased in February 2024.
Premium Bonds are a type of 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.
The smallest monthly prize is £25, and the biggest is £1million. However, winning a prize isn’t guaranteed, so some months you may not get anything back on your Premium Bonds. The bulk of the prizes given out each month are for smaller amounts.
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For example, there are usually thousands of £25 prizes given out, versus 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.
Andrew Westhead, NS&I Retail Director, said: “Congratulations to our two jackpot winners from Shropshire and York who have each started the countdown to the festive period a million pounds richer.”
If you win a prize, you should be emailed or sent a text message from NS&I and you can then have the money paid into your bank account, or reinvested in 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%.
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.
There are still two £1million prizes being given out each month. The most recent prize fund cut happened in the August 2025 draw where it was reduced to 3.60%. Almost 23 million people have Premium Bonds.