In the latest announcement, January 2026 Premium Bond results revealed that two fortunate individuals have each won £1 million to kick off the New Year.
One of the winners resides in Suffolk and holds the maximum £50,000 in Premium Bonds with the winning bond number 570QM451332 purchased in February 2024. The second £1 million winner hails from Berkshire, also with £50,000 in Premium Bonds, and their winning bond number 377PG290829 was acquired in December 2019.
Premium Bonds, a savings product offered by National Savings & Investment (NS&I), offer a unique twist by entering participants into a monthly prize draw rather than providing a fixed interest rate on investments.
The prize amounts for Premium Bonds range from £25 to £1 million, with a higher frequency of smaller prizes compared to the grand sums. While thousands of £25 prizes are typically awarded, there are only two £1 million prizes available each month. Participants can hold a maximum of £50,000 in Premium Bonds, with each £1 investment assigning a distinct bond number.
The odds of winning a prize each month stand at 22,000 to 1 for every £1 bond held. Winners are notified via email or text message by NS&I and can choose to receive their prize money in their bank account or reinvest it in Premium Bonds. Tools like the NS&I online prize checker and the Premium Bonds prize checker app are available for checking if a prize has been won.
The current prize fund rate for Premium Bonds is 3.60%, a rate that has remained unchanged since the August 2025 draw. Despite a slight decline in the prize fund rate in recent months, resulting in a reduction in larger prizes awarded, there are still two £1 million prizes up for grabs every month. Over 24 million individuals are currently invested in Premium Bonds.
Data released last month highlighted the luckiest regions for winning Premium Bond prizes, with Hampshire and the Isle of Wight leading the chart, followed by Essex and Outer London. In 2025, Norwich and Cumbria each had two winners of the £1 million jackpot.
