In the latest update, the results for the Premium Bonds draw in November 2025 were unveiled, revealing the fortunate individuals who clinched the two £1 million prizes.
The first lucky winner, residing in Shropshire, holds the maximum £50,000 worth of Premium Bonds and secured the grand prize with the bond number 258GE105589, which was acquired in October 2015. On the other hand, the second £1 million winner hails from York and also holds £50,000 in Premium Bonds, with the winning bond number 568FY679677 purchased in February 2024.
Premium Bonds, a savings product offered by National Savings & Investment (NS&I), differ from traditional savings accounts by not offering a fixed interest rate. Instead, bondholders are entered into a monthly draw for various cash prizes.
While the monthly prizes range from £25 to £1 million, winning is not guaranteed, and smaller prizes are more common. For instance, thousands of £25 prizes are distributed monthly, compared to only two £1 million prizes.
The maximum savings limit for Premium Bonds is £50,000, with each £1 invested corresponding to a unique bond number. The odds of winning a prize each month stand at 22,000 to 1 for every £1 bond.
Andrew Westhead, NS&I Retail Director, congratulated the two jackpot winners, emphasizing that they are now a million pounds richer as they embark on the festive season.
Winners are typically notified via email or text message by NS&I, and they can choose to have their prize money deposited into their bank account or reinvested in more Premium Bonds. The NS&I online prize checker tool or the Premium Bonds prize checker app can be used to determine if one has won, with the current prize fund rate at 3.60%.
While the prize fund rate has been gradually decreasing, the number of smaller prizes awarded has increased. However, two £1 million prizes are still up for grabs each month, with the most recent rate adjustment occurring in the August 2025 draw, lowering it to 3.60%. It is noted that nearly 23 million individuals hold Premium Bonds.