In the latest update for January 2026, the Premium Bond results have been unveiled today, revealing that two individuals are now £1 million wealthier as they welcome the New Year.
The initial £1 million winner resides in Suffolk and possesses the maximum allowable amount of £50,000 in Premium Bonds. Their winning bond number, 570QM451332, was acquired in February 2024.
Similarly, the second £1 million victor hails from Berkshire and also holds £50,000 in Premium Bonds. Their winning bond number, 377PG290829, was purchased back in December 2019.
Premium Bonds, a product offered by National Savings & Investment (NS&I), differ from traditional savings accounts as they involve participation in a monthly prize draw instead of offering a fixed interest rate.
The prize amounts for Premium Bonds vary, with prizes starting at £25 and going up to a maximum of £1 million. While a monthly prize is not guaranteed, there are significantly more smaller prizes awarded compared to the larger sums.
Typically, thousands of £25 prizes are distributed each month, along with just two £1 million prizes. The highest amount that can be saved in Premium Bonds is £50,000, with each pound invested corresponding to a unique bond number.
The odds of winning a prize with each bond every month stand at 22,000 to 1. Winners are notified via email or text message by NS&I, following which they can choose to have the prize money deposited into their bank account or reinvested into Premium Bonds.
The current prize fund rate, akin to an interest rate for Premium Bonds, stands at 3.60% and has remained at this level since the August 2025 draw. Despite a slight decrease in the prize fund rate recently, leading to a reduction in the number of larger prizes awarded, two £1 million prizes continue to be distributed monthly.
Over 24 million individuals are presently holding Premium Bonds, with data from the previous month highlighting Hampshire and the Isle of Wight as the luckiest areas for winning Premium Bond prizes in 2025. Furthermore, Essex, Outer London, Norwich, and Cumbria also saw significant wins in the past year.
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