Premium Bonds are a savings product by National Savings & Investment (NS&I) but instead of getting interest on your savings, you’re entered into a monthly prize draw
Premium Bond winners for September 2025 have been revealed today – including the incredibly lucky recipients of two £1million prizes.
The first £1million winner lives in County Durham and they hold the maximum of £50,000 in Premium Bonds. Their winning bond number was 224BZ748917 and they purchased it in June 2014.
The second £1million winner lives in Nottingham and they also hold £50,000 in Premium Bonds. Their winning bond number 243VC581367 was purchased in April 2015.
Have you won big on Premium Bonds and want to share your story? Let us know by emailing: [email protected]
Premium Bonds are a savings product by National Savings & Investment (NS&I) but instead of getting interest on your savings, you’re entered into a monthly prize draw.
The prizes start at £25 and go up to £1million – but some months, you may not win anything at all. You get a unique bond number for every £1 invested, and the maximum you can have saved in Premium Bonds is £50,000.
The odds of a bond winning each month are 22,000 to 1 for every £1 bond – but most prizes are for smaller amounts. The prize fund rate – the nearest thing Premium Bonds has to an interest rate – is currently 3.60%.
Premium Bonds are held by around 22.7 million people. If you win a prize, you should be emailed or sent a text message from NS&I and you can then have the money paid into your bank account, or reinvested in Premium Bonds.
You can also use the NS&I online prize checker tool, or the Premium Bonds prize checker app, to see if you’ve won. The prize fund rate has been slowly decreasing in recent months,which means the number of some larger prizes being handed out has decreased slightly, while the number of smaller prizes being awarded has gone up.
There are still two £1million prizes being given out each month. The most recent prize fund cut happened in the August 2025 draw where it was reduced to 3.60%.
Andrew Westhead, NS&I Retail Director, said: “This adjustment to the Premium Bonds prize fund rate – the first in four months – reflects the changing landscape for savings.
“Premium Bonds maintain their unique appeal by offering complete security backed by HM Treasury, the flexibility to withdraw easily, and the excitement of potentially winning a tax-free prize each month.“