The winners of the September 2025 Premium Bonds were announced today, with two fortunate individuals each receiving £1 million.
One of the £1 million winners resides in County Durham and holds the maximum £50,000 in Premium Bonds. Their winning bond number, 224BZ748917, was purchased in June 2014. The second £1 million winner lives in Nottingham, also holding £50,000 in Premium Bonds, with the winning bond number 243VC581367 purchased in April 2015.
Premium Bonds, a savings product offered by National Savings & Investment (NS&I), enter participants into a monthly prize draw instead of providing interest on savings. The prize amounts range from £25 to £1 million, with unique bond numbers assigned for each £1 invested, and a maximum savings limit of £50,000.
The odds of winning a prize each month with Premium Bonds are 22,000 to 1 for every £1 bond, with the current prize fund rate at 3.60%. Approximately 22.7 million individuals hold Premium Bonds, and winners are notified via email or text message by NS&I, enabling them to have the prize money deposited into their bank account or reinvested in Premium Bonds.
To check if you have won a prize, you can utilize the NS&I online prize checker tool or the Premium Bonds prize checker app. While the prize fund rate has slightly decreased recently, there are still two £1 million prizes awarded monthly. The most recent adjustment to the prize fund rate occurred in the August 2025 draw, reducing it to 3.60%.
Andrew Westhead, NS&I Retail Director, stated, “This adjustment to the Premium Bonds prize fund rate – the first in four months – reflects the changing landscape for savings. Premium Bonds continue to offer complete security, flexibility for easy withdrawals, and the thrill of potentially winning a tax-free prize each month.”