In the latest update, the December 2025 Premium Bond results were unveiled, revealing that two lucky individuals have each won a whopping £1 million.
Every month, two £1 million prizes are up for grabs in the Premium Bonds draw. This month, the first winner hails from Norwich, holding £35,000 in Premium Bonds with the winning bond number 591RD417238 purchased in August 2024. The second winner resides in Cornwall, possessing £20,000 in Premium Bonds, with the winning bond number 615WP633178 bought in February 2025.
Premium Bonds, offered by National Savings & Investment (NS&I), differ from traditional savings products as they involve a monthly prize draw instead of a fixed interest rate return. The prizes range from £25 to £1 million, with the majority of prizes awarded being on the smaller end.
NS&I Retail Director Andrew Westhead extended congratulations to the festive jackpot winners, emphasizing the popularity of Premium Bonds during the holiday season. He highlighted the vast array of prizes available, including numerous six-figure sums, making Premium Bonds a favored choice among over 22 million bondholders.
The maximum amount allowed to be saved in Premium Bonds is £50,000, with each pound invested generating a unique bond number. The odds of winning a prize with each bond number are 22,000 to 1 per month.
Notification of a prize win is typically sent via email or text message by NS&I, giving winners the option to have the money deposited into their bank account or reinvested in more Premium Bonds. Winners can verify their prize status using the NS&I online prize checker tool or the Premium Bonds prize checker app, with the current prize fund rate set at 3.60%.
Although the prize fund rate has seen a gradual decline recently, resulting in a slight decrease in larger prizes and an increase in smaller prizes, the draw still includes two £1 million prizes each month. The most recent adjustment to the prize fund rate occurred in the August 2025 draw, reducing it to 3.60%. Presently, nearly 23 million individuals hold Premium Bonds.