The January 2026 Premium Bond results were revealed today, bringing luck to two individuals who are now £1 million richer. One winner, residing in Suffolk, holds the maximum £50,000 in Premium Bonds with the winning bond number 570QM451332 purchased in February 2024. The second winner, from Berkshire, also possesses £50,000 in Premium Bonds, with the winning bond number 377PG290829 bought in December 2019.
Premium Bonds, a savings product offered by National Savings & Investment (NS&I), presents a unique twist by entering participants into a monthly prize draw instead of providing a fixed interest rate on investments. The prize range varies from the smallest prize of £25 to the grand prize of £1 million, with higher chances of winning smaller prizes compared to the larger sums.
The odds of winning a prize each month stand at 22,000 to 1 for every £1 bond held. Winners are notified via email or text message by NS&I and can opt to receive their winnings in their bank account or reinvest them in additional Premium Bonds. The current prize fund rate, equivalent to an interest rate for Premium Bonds, is set at 3.60% since the August 2025 draw.
Despite a slight decrease in the prize fund rate leading to fewer larger prizes being awarded, the tradition of two £1 million prizes each month remains unchanged. With over 24 million individuals currently enrolled in Premium Bonds, recent data highlights Hampshire and the Isle of Wight as the luckiest regions for Premium Bond prize winners in 2025.
Essex and Outer London followed closely in the list of fortunate locations, with multiple individuals winning significant prizes. The memorable £1 million jackpot was secured twice in Norwich and Cumbria during the previous year.