National Savings and Investments (NS&I) has revealed the first Premium Bonds winners for the New Year, publishing the winning bond numbers for January 2026. National Savings and Investments, formerly called the Post Office Savings Bank and National Savings, is the UK’s state-owned savings bank. Premium Bonds are a UK savings product from NS&I where customers’ money is entered into a monthly prize draw for tax-free cash prizes ranging from £25 to £1 million instead of earning interest.
According to some analysts, Britons have the chance to “win big” with Premium Bond – if they are patient enough. Tom Francis, the head of Digital Advice at Octopus Money, said Premium Bond holders wait an average of 3.5 years before they “win a penny”. Those with the biggest holdings are likely to be luckier. According to Octopus Money research, 94% of jackpot winners held over £10,000.
Mr Francis told GB News: “For the vast majority of everyday savers, they are failing to deliver returns while the money loses value to inflation.
“Even I’ve been tempted by the thrill of a prize draw, but if you have failed to win month after month, it might be time to think about where else you could put your money to make it work harder for you.
“Cash ISAs deliver reliable returns, while for many a stocks and share ISA can be a great first step into investing.”
Two Premium Bonds holders from Suffolk and Berkshire are celebrating a life-changing start to 2026 after each winning a £1 million Premium Bonds jackpot.
The first Premium Bonds £1 million winning Bond number this month is 570QM451332 and is held by someone from Suffolk. They purchased the winning Bond less than two years ago in February 2024 and hold £50,000.
The second Premium Bonds £1 million jackpot Bond number is 377PG290829 held by someone in Berkshire. They’ve held £50,000 since December 2019. They are the fifth person to win the £1 million jackpot in Berkshire.
1. Bond number 570QM451332 (Suffolk)
2. Bond number 377PG290829 (Berkshire)
While just two individuals take home the jackpot £1million lump sum, bondholders can still win large amounts of up to £10,000, £50,000 and £100,000.
The odds of a bond winning each month are 22,000 to 1 for every £1 bond, the Daily Mirror reported. If you win a prize, you should be emailed or sent a text message from NS&I. Bondholders can check to see how much they have won by checking NS&I’s website or by using the Premium Bonds prize checker app.
You can then choose to have the money paid into your bank account, or reinvested into 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%. This has been the prize fund rate since the August 2025 draw.
According to the latest figures from NS&I, Premium Bond savers received 71,722,056 prizes in 2025, which came to an estimated £4,950,616,350 in prize winnings.
