In a recent announcement by NS&I, the results for July 2026 Premium Bonds draw were revealed, with two fortunate individuals winning £1 million each. The first winner, residing in Reading, holds £49,931 in Premium Bonds, purchasing the winning bond numbered 250TP871786 back in July 2015. The second winner, from Warwickshire, invested £14,000 in Premium Bonds, acquiring the winning bond numbered 217AV429216 in January 2014.
Premium Bonds, a savings product offered by NS&I and supported by the Treasury, operate on a prize draw system rather than traditional interest payouts. Participants can win prizes ranging from £25 to £1 million monthly, although winning is not guaranteed every month. The odds of winning have improved this month to 22,000 to 1 for each £1 bond, and the prize fund rate has been raised from 3.3% to 3.8%.
New Premium Bond purchases must be held for a full calendar month before entering the prize draw. NS&I anticipates distributing an additional 322,000 prizes monthly, increasing the prize pot by over £60 million. However, the number of £1 million prizes remains at two. Winners are notified via email or text message and can choose to receive their prize money in their bank account or reinvest it in Premium Bonds.
To check if they have won, participants can use the NS&I online prize checker tool or the Premium Bonds prize checker app. Currently, more than 22 million people are invested in Premium Bonds.