NS&I has revealed the May 2026 Premium Bond results, unveiling the fortunate recipients 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 obtained in January 2024.
The second £1 million victor resides in the Highlands and Islands region, with £23,500 invested in Premium Bonds. Their winning bond number, 643SE292364, was purchased in September 2025.
Premium Bonds, a savings product by NS&I supported by the Treasury, offer participants the chance to win prizes in a monthly draw instead of accruing interest on their savings.
The smallest monthly prize stands at £25, with the largest reaching £1 million. Although not guaranteed, winning a prize every month is possible, with more lower-value prizes distributed compared to the larger sums.
Typically, numerous £25 prizes are awarded alongside just two £1 million prizes. The maximum allowable savings in Premium Bonds is £50,000, with each £1 invested corresponding to a unique bond number.
To be eligible for the monthly prize draw, new Premium Bond purchases must be held for a full calendar month. The odds of a bond winning each month are 23,000 to 1 for every £1 bond.
Upon winning a prize, recipients receive notification via email or text message from NS&I. They can opt to have the prize money transferred to their bank account or reinvested in Premium Bonds. Additionally, the NS&I online prize checker tool or the Premium Bonds prize checker app can be used to verify winnings.
Presently, the prize fund rate for Premium Bonds, akin to an interest rate, stands at 3.3%. Despite a gradual decline in the prize fund rate in recent months, resulting in a slight decrease in larger prizes awarded, two £1 million prizes are still distributed monthly.
Over 24 million individuals are presently Premium Bond holders. Laura Suter, director of personal finance at AJ Bell, noted that the prize fund rate serves as a point of reference for savers compared to traditional savings accounts. However, she emphasized that not all savers experience average luck, and the presence of substantial prizes skews the distribution of rewards.