In today’s announcement, the December 2025 Premium Bond results revealed that two lucky individuals have each won £1 million. Among the winners is a resident of Norwich who holds £35,000 in Premium Bonds, with the winning bond number 591RD417238 purchased in August 2024. The second winner resides in Cornwall and possesses £20,000 in Premium Bonds, with the winning bond number 615WP633178 acquired in February 2025.
Premium Bonds, offered by National Savings & Investment (NS&I), differ from traditional savings products as they enter holders into a monthly prize draw instead of providing a fixed interest rate. The prizes range from £25 to £1 million, with higher chances of winning smaller amounts compared to the grand prize.
NS&I Retail Director, Andrew Westhead, congratulated the winners, highlighting the excitement of becoming millionaires just in time for Christmas. The December draw included over six million prizes, with a variety of amounts awarded to lucky bondholders. Currently, the maximum limit for Premium Bonds is £50,000, and each pound invested corresponds to a unique bond number. The odds of winning a prize each month stand at 22,000 to 1 per pound bond.
Winners are notified via email or text message by NS&I, allowing them to choose between receiving the prize directly into their bank account or reinvesting in Premium Bonds. Checking for winnings can be done through the NS&I online prize checker tool or the Premium Bonds prize checker app, with the prize fund rate currently set at 3.60%.
While the prize fund rate has slightly decreased in recent months, two £1 million prizes are still up for grabs each month. As of the most recent update in August 2025, the prize fund rate remains at 3.60%, with nearly 23 million individuals holding Premium Bonds.