In today’s announcement, the results for December 2025 Premium Bonds draw revealed two lucky individuals who have each won £1 million.
Every month, two fortunate winners are selected for the £1 million Premium Bonds prize. In the latest draw for December 2025, the first winner hails from Norwich, holding £35,000 in Premium Bonds, with the winning bond number 591RD417238 acquired in August 2024. The second winner resides in Cornwall, possessing £20,000 in Premium Bonds, with the winning bond number 615WP633178 purchased in February 2025.
Premium Bonds, provided by National Savings & Investment (NS&I), offer a unique savings opportunity where participants are entered into a monthly prize draw instead of receiving a fixed interest rate on their investment.
While the monthly prizes range from £25 to £1 million, winning is not guaranteed, with the majority of prizes being smaller amounts. For instance, thousands of £25 prizes are distributed compared to only two £1 million prizes.
Andrew Westhead, NS&I Retail Director, extended congratulations to the winners, highlighting the festive joy of becoming millionaires through Premium Bonds. The December draw includes over six million prizes, with a variety of amounts up for grabs, appealing to the festive spirit of more than 22 million Premium Bonds holders.
The maximum savings limit for Premium Bonds is £50,000, with each pound invested corresponding to a unique bond number. The odds of winning a prize each month stand at 22,000 to 1 for every £1 bond.
Winners are notified via email or text message by NS&I, and can choose to receive their prize money directly into their bank account or reinvest it in Premium Bonds. Access to checking prize status is available through the NS&I online prize checker or the Premium Bonds prize checker app, with a current prize fund rate of 3.60%.
Despite a gradual decrease in the prize fund rate in recent months, resulting in a slight reduction in larger prizes and an increase in smaller prizes, the monthly draw continues to offer two £1 million prizes. The most recent adjustment to the prize fund rate occurred in the August 2025 draw, now set at 3.60%, maintaining the excitement for the nearly 23 million Premium Bonds holders.