Every month, savers have the prospect to win large prizes because the Premium Bonds successful numbers are introduced. There at the moment are 24 million folks participating within the government-backed financial savings scheme, with greater than £127bn banked.
Premium bonds are an funding product from the National Savings and Investment (NS&I), which is owned by the federal government. Each month, tens of millions of savers are entered right into a prize draw to win money prizes starting from £25 to £1 million, with two millionaires made at each draw.
Every £1 entered has a 22,000-to-one probability of successful. The minimal funding is £25, whereas the utmost is £50,000.
These financial savings don’t accrue curiosity as with common financial institution accounts, however are put up towards a random digital prize picker known as ‘Ernie’ – the Electronic Random Number Indicator Equipment.
The date of this month’s draw is Friday 2 January. The outcomes of this draw can be found a day later and launched by the NS&I right here.
What are the possibilities of successful with Premium Bonds?
There are many Premium Bond winners each month, however the precise probability of successful stays pretty low. Most folks won’t ever win a prize, that means their funding will keep the identical. However, the scheme can be risk-free, that means cash received’t be misplaced both.
Analysis by cash skilled Martin Lewis discovered that the ‘interest rate’ on Premium Bonds accounts is 4 per cent when all winnings are thought-about – however notes most individuals received’t see something like this. Many financial savings accounts within the UK additionally supply a better rate of interest than this, which will likely be way more constant.
The distribution of prizes modifications barely each month. Here had been the leads to January 2025:
- £1 million x 2
- £100,000 x 82
- £50,000 x 163
- £25,000 x 328
- £10,000 x 818
- £5,000 x 1,636
- £1,000 x 17,163
- £500 x 51,489
- £100 x 1,987,844
- £50 x 1,987,844
- £25 x 1,803,871
How to test should you’ve received a Premium Bond prize
To test should you’ve received a prize on Premium Bonds, you possibly can go to the NS&I checker on its web site and enter your bond numbers.
There can be an NS&I app which permits savers to test outcomes on the go.
https://www.independent.co.uk/news/uk/home-news/premium-bonds-prize-checker-january-2026-nsi-b2889436.html