One fortunate individual holding Premium Bonds has secured a £50,000 prize despite having only £45 invested in their account. The winner hails from the East Riding of Yorkshire and originally purchased their bond an impressive 51 years ago in September 1974. This £50,000 award ranks as the third-largest prize available in the Premium Bonds draw, following the £100,000 and £1 million prizes.
Every month, two individuals are selected to receive £1 million Premium Bond prizes. In the September 2025 draw, the first £1 million winner resides in County Durham and has the maximum allowed amount of £50,000 invested in Premium Bonds. Their winning bond number, 224BZ748917, was purchased in June 2014. The second £1 million winner is from Nottingham and also holds £50,000 in Premium Bonds. Their winning bond number, 243VC581367, was acquired in April 2015.
NS&I’s Retail Director, Andrew Westhead, extended congratulations to the two new jackpot winners from County Durham and Cumbria, each taking home £1 million in the September draw. With over six million prizes being awarded this month, it has been a fantastic period for Premium Bonds holders. Bond holders are advised to keep their contact details updated to ensure they receive notifications of any prizes won.
Premium Bonds, a savings product offered by National Savings & Investment (NS&I), differ from traditional savings accounts as they enter holders into a monthly prize draw instead of earning interest. Prizes range from £25 to £1 million, with each £1 invested corresponding to a unique bond number. The maximum investment allowed in Premium Bonds is £50,000, and the odds of winning a prize each month are 22,000 to 1 for every £1 bond.
Approximately 22.7 million individuals hold Premium Bonds. Winners are notified via email or text message by NS&I and can choose to have their prize deposited directly into their bank account or reinvested in Premium Bonds. Tools such as the NS&I online prize checker and the Premium Bonds prize checker app allow holders to easily verify if they have won. Despite a slight decrease in the prize fund rate, there are still two £1 million prizes awarded monthly.
During the August 2025 draw, the prize fund rate was reduced to 3.60%. It is essential for Premium Bond holders to stay updated on any changes and announcements to maximize their chances of winning.