In the latest update, Premium Bond results for January 2026 were unveiled, revealing two fortunate individuals who are now a million pounds richer as they kick off the New Year. One winner, residing in Suffolk, holds the maximum £50,000 in Premium Bonds, with the winning bond number 570QM451332 acquired in February 2024. The second winner, hailing from Berkshire, also possesses £50,000 in Premium Bonds, with the winning bond number 377PG290829 purchased in December 2019.
Premium Bonds, a savings product offered by National Savings & Investment (NS&I), differ from traditional savings accounts as they involve a monthly prize draw instead of a fixed interest rate return. The monthly prizes range from £25 to £1 million, but winning every month is not guaranteed, with more small prizes distributed compared to larger sums.
Currently, the prize fund rate for Premium Bonds stands at 3.60%, unchanged since the August 2025 draw. While the prize fund rate has slightly decreased recently, resulting in fewer larger prizes being awarded, the number of smaller prizes has risen. Despite these changes, two £1 million prizes are still up for grabs each month, with over 24 million people participating in Premium Bonds.
Recent data disclosed the luckiest regions for winning Premium Bond prizes in the past year, with Hampshire and the Isle of Wight leading the pack, followed by Essex and Outer London. Notably, Norwich and Cumbria each saw a £1 million jackpot win in 2025.
Participants can check if they’ve won by utilizing the NS&I online prize checker tool or the Premium Bonds prize checker app. If fortunate enough to win a prize, individuals have the option to have the money deposited into their bank account or reinvested into Premium Bonds.