NS&I has revealed the results for the May 2026 Premium Bond draw, which includes the fortunate winners of two £1 million prizes.
The initial £1 million winner comes from Suffolk and possesses the maximum £50,000 in Premium Bonds. Their winning bond number, 567VN857011, was obtained in January 2024.
The second recipient of the £1 million prize hails from the Highlands and Islands area and has £23,500 invested in Premium Bonds. Their winning bond number, 643SE292364, was purchased in September 2025.
Premium Bonds, a savings product offered by NS&I and supported by the Treasury, differ from traditional interest-bearing savings accounts as holders are entered into monthly prize draws.
If you have a winning story to share about your Premium Bonds experience, feel free to reach out via email at mirror.money.saving@mirror.co.uk.
The monthly prizes for Premium Bonds range from £25 to £1 million, with a higher frequency of smaller prizes compared to the larger sums. While there are numerous £25 prizes distributed, only two £1 million prizes are awarded each month. The maximum savings limit for Premium Bonds is £50,000, and each pound invested corresponds to a unique bond number.
New Premium Bond purchases must be held for a full calendar month before being included in the monthly prize draw. The odds of winning a prize each month stand at 23,000 to 1 for every £1 bond.
In the event of winning a prize, NS&I will notify the recipient via email or text message. Winners have the option to receive the prize money in their bank account or reinvest it in Premium Bonds. Utilizing the NS&I online prize checker tool or the Premium Bonds prize checker app enables individuals to verify if they have won.
The current prize fund rate for Premium Bonds, equivalent to an interest rate, is 3.3%. The prize fund rate has experienced a gradual decline recently, resulting in a slight decrease in the number of larger prizes awarded and an increase in the number of smaller prizes distributed.
Despite these changes, two £1 million prizes are still granted each month, with over 24 million individuals currently holding Premium Bonds. Laura Suter, director of personal finance at AJ Bell, noted that the Premium Bond ‘prize fund rate’ offers a comparison to standard savings accounts, emphasizing that luck plays a significant role in prize distribution.
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