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Each month, savers have the prospect to win large prizes because the Premium Bonds successful numbers are introduced. There are actually 22 million individuals collaborating within the government-backed financial savings scheme, with greater than £137bn banked.
Premium bonds are an funding product from the Nationwide Financial savings and Funding (NS&I), which is owned by the federal government. Every month, hundreds of thousands 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.
Each £1 entered has a 22,000-to-one likelihood 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 in opposition to a random digital prize picker referred to as ‘Ernie’ – the Digital Random Quantity Indicator Gear.
The date of this month’s draw is Monday 3 August. 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 lots of Premium Bond winners each month, however the precise likelihood of successful stays pretty low. Most individuals won’t ever win a prize, that means their funding will keep the identical. Nonetheless, the scheme can be risk-free, that means cash received’t be misplaced both.
Evaluation by cash skilled Martin Lewis discovered that the ‘rate of interest’ on Premium Bonds accounts is 3.8 per cent when all winnings are thought of – however notes most individuals received’t see something like this. Many financial savings accounts within the UK additionally supply the next rate of interest than this, which can be way more constant.
The distribution of prizes modifications barely each month. These have been the ends in January 2026:
Find out how to examine in case you’ve received a Premium Bond prize
To examine in case 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.
Get a free fractional share price as much as £100.Capital in danger.
Phrases and situations apply.
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Get a free fractional share price as much as £100.Capital in danger.
Phrases and situations apply.
Go to web site
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There’s additionally an NS&I app which permits savers to examine outcomes on the go.
