In today’s announcement, the results for the November 2025 Premium Bonds draw revealed the fortunate winners of two £1 million prizes. The initial £1 million prize was claimed by a resident of Shropshire who holds the maximum £50,000 in Premium Bonds, with the winning bond number 258GE105589 acquired in October 2015. The second £1 million winner resides in York, also possessing £50,000 in Premium Bonds, and their winning bond number 568FY679677 was purchased in February 2024.
Premium Bonds, a savings product offered by National Savings & Investment (NS&I), differ from traditional savings accounts by entering holders into a monthly prize draw instead of providing a fixed interest rate. While the monthly prizes range from £25 to £1 million, winning is not guaranteed, meaning some months may yield no returns. The majority of prizes distributed each month are of smaller denominations.
Participants can verify their winnings through the NS&I online prize checker or the Premium Bonds prize checker app, with the current prize fund rate standing at 3.60%. As of recent months, the prize fund rate has marginally decreased, leading to a slight reduction in larger prizes and an increase in smaller prizes awarded. Despite these adjustments, two £1 million prizes are still up for grabs each month, with the most recent prize fund rate cut occurring in the August 2025 draw, bringing it down to 3.60%. Approximately 23 million individuals hold Premium Bonds.
NS&I Retail Director, Andrew Westhead, extended congratulations to the two jackpot winners, emphasizing their newfound wealth as the festive season approaches. Upon winning, recipients are notified via email or text message by NS&I and can choose to have the prize deposited into their bank account or reinvested in Premium Bonds.
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