Premium Bond results for May 2026 were revealed by NS&I today, unveiling the fortunate winners of two £1 million prizes.
The initial £1 million winner hails from Suffolk, holding the maximum £50,000 in Premium Bonds. Their winning bond number, 567VN857011, was acquired in January 2024.
The second £1 million winner comes from the Highlands and Islands region and has £23,500 invested in Premium Bonds. Their winning bond number, 643SE292364, was purchased in September 2025.
NS&I’s Premium Bonds, supported by the Treasury, offer an alternative to traditional savings accounts by entering participants into a monthly prize draw instead of providing interest on savings.
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The monthly prize range for Premium Bonds varies from £25 to £1 million. However, winning a prize every month is not guaranteed, with a higher frequency of smaller prizes compared to larger sums.
While thousands of £25 prizes are typically awarded, only two £1 million prizes are given out. The maximum amount that can be held in Premium Bonds is £50,000, with each pound invested assigned a unique bond number.
New Premium Bond purchases must be held for a complete calendar month before being included in the monthly prize draw. The odds of winning with each bond are 23,000 to 1 for every £1 invested.
Winners are notified by email or text message from NS&I upon winning a prize. Winners can opt to have the money deposited into their bank account or reinvested into Premium Bonds. The NS&I online prize checker or the Premium Bonds prize checker app can be used to verify winnings.
The present prize fund rate, equating to an interest rate for Premium Bonds, stands at 3.3%.
While the prize fund rate has marginally decreased recently, resulting in a slight reduction in the number of larger prizes awarded, there has been an increase in the number of smaller prizes distributed.
Nonetheless, two £1 million prizes are still distributed each month, with over 24 million individuals currently holding Premium Bonds.
Laura Suter, personal finance director at AJ Bell, previously highlighted: “The Premium Bond ‘prize fund rate’ is intended to give savers some comparison with how the account compares to normal savings accounts.”
She added: “Clearly not everyone has ‘average’ luck, otherwise the prizes would be handed out equally to every saver. The fact that there are some very large prizes also skews the figures.”
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