In today’s announcement, the results for the November 2025 Premium Bond draw were revealed, showcasing the two fortunate winners of £1 million each.
The initial winner, hailing from Shropshire, holds the maximum £50,000 in Premium Bonds and secured the prize with bond number 258GE105589, purchased back in October 2015. The second £1 million recipient resides in York, also possessing £50,000 in Premium Bonds, with the winning bond number 568FY679677 acquired in February 2024.
Premium Bonds, a savings product by National Savings & Investment (NS&I), offer a unique twist by entering participants into a monthly prize draw instead of providing a fixed interest rate. Prizes range from £25 to £1 million, with the majority of awards being smaller amounts. Winning is not guaranteed, making it possible for some months to yield no returns on Premium Bonds.
For every £1 invested, a distinct bond number is assigned, with the maximum savings limit set at £50,000. The odds of winning a prize each month stand at 22,000 to 1 for every £1 bond.
Andrew Westhead, NS&I Retail Director, congratulated the two jackpot winners, expressing delight for the individuals from Shropshire and York who are now millionaires just in time for the upcoming festive season.
Prize winners are notified via email or text message by NS&I, with the option to have the funds deposited into their bank account or reinvested in Premium Bonds. Tools like the NS&I online prize checker or the Premium Bonds prize checker app can be utilized to verify if a prize has been won, with the current prize fund rate at 3.60%.
The prize fund rate has experienced a gradual decline recently, impacting the distribution of larger prizes while increasing the number of smaller rewards. Despite these changes, two £1 million prizes continue to be awarded monthly, with the most recent prize fund cut occurring in the August 2025 draw, reducing the rate to 3.60%. A substantial 23 million individuals are currently invested in Premium Bonds.