The National Savings & Investments (NS&I) Premium Bond prize winners have now been announced for April – and there are more than five million of them. Scooping up the £1 million jackpot prizes are two lucky account holders in the north and south of England.
The first winning bond number of the million-pound prize is 494WG724922 to a bondholder based in South Yorkshire. This winner purchased their winning Bond in March 2022 and holds just £43,165 in Premium Bonds. The second £1 million jackpot winner is based in Hertfordshire. Their winning Bond number is 418AW560890, and it was purchased in October 2020. They hold a total of £50,000 in Premium Bonds. While chances of winning increase with larger holdings, one Premium Bonds holder from Hereford and Worcester with a holding of £300 from February 2010 won a large £50,000 prize this month.
Andrew Westhead, NS&I retail director, said: “Huge congratulations to our winners in South Yorkshire and Hertfordshire – these April jackpots highlight the life-changing potential of Premium Bonds for savers everywhere.
“It’s not just about the jackpot millionaires – this month, ERNIE awarded more than 5.9 million prizes worth over £412 million, giving many customers something to smile about.”
He added: “Premium Bonds holders can check if they’ve won a prize from April 2 on our quick and easy NS&I prize checker app.”
How to check if you’ve won Premium Bonds prizes
Premium Bonds holders can easily check if they’ve won a prize in the April draw by checking the NS&I website, the prize checker app, or simply asking Alexa.
To check on the NS&I website, customers will need their Premium Bonds holder’s number. They’ll need their NS&I number or holder’s number for the prize checker app. People can also check for any unclaimed prizes owed to them.
Currently, 2,547,426 Premium Bonds prize worth £97,152,875 are waiting to be claimed.
With a minimum investment of £25, each £1 Bond is entered into a monthly draw where savers have the chance to win tax-free prizes ranging from £25 to £1 million.
Unlike other savings accounts, Premium Bonds don’t pay interest. Instead, they offer the security of savings backed by HM Treasury with the excitement of potentially winning tax-free prizes.
Prizes are split into three value bands – higher, medium, and lower – and each band receives a percentage share of the monthly prize fund.
Prizes in the higher band can range from £1 million (only two of these can be won) to £5,000, while the medium and lower bands award people the chance to win between £1,000 and £500, and £100 and £25, respectively.
A total of 5,914,009 prizes worth £412,009,175 will be paid out in the April 2025 prize draw. There were 130,108,160,431 Bond numbers eligible for the draw.
The prize fund rate for the April Premium Bonds prize draw is 3.8%, and the odds of any £1 Bond number winning a prize are 22,000 to one.
All Premium Bonds prizes are free of UK Income Tax and Capital Gains Tax, so people will be pleased to know they can keep the entirety of their winnings.
Winners are typically notified when they win a Premium Bonds prize. However, some people may move or change their contact details without updating NS&I, leading to unclaimed prizes, particularly for those who choose to receive their prizes by cheque.
To receive prizes faster and more securely, customers can opt for automatic bank deposits or reinvestment into more Premium Bonds, which is how 90% of prizes are paid to winners, according to NS&I.
