Premium Bonds are a type of savings product by National Savings & Investment (NS&I) but instead of getting a set rate of interest back on your money, you are entered into a monthly prize draw
Premium Bond results for December 2025 have been announced today and two people are waking up £1million richer.
There are two £1million Premium Bond winners every month. In the December 2025 draw, the first big winner lives in Norwich and they hold £35,000 in Premium Bonds. Their winning bond number was 591RD417238 and it was purchased in August 2024.
The second £1million winner lives in Cornwall and they have £20,000 in Premium Bonds. Their winning bond number 615WP633178 was purchased in February 2025.
Premium Bonds are a type of savings product by National Savings & Investment (NS&I) but instead of getting a set rate of interest back on your money, you are entered into a monthly prize draw.
The smallest monthly prize is £25, and the biggest is £1million. However, winning a prize isn’t guaranteed, so some months you may not get anything back on your Premium Bonds. The bulk of the prizes given out each month are for smaller amounts.
Have you won big on Premium Bonds and want to share your story? Let us know by emailing: mirror.money.saving@mirror.co.uk
For example, there are usually thousands of £25 prizes given out, versus just two £1million prizes.
The maximum you can have saved in Premium Bonds is £50,000 and for every £1 invested, you get a unique bond number. The odds of a bond winning each month are 22,000 to 1 for every £1 bond.
Andrew Westhead, NS&I Retail Director, said: “Congratulations to our two jackpot winners from Shropshire and York who have each started the countdown to the festive period a million pounds richer.”
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 – the nearest thing Premium Bonds has to an interest rate – is currently 3.60%.
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%. Almost 23 million people have Premium Bonds.
