The January 2026 Premium Bond results were announced today, revealing that two individuals have each won £1 million to kick off the New Year.
One lucky winner from Suffolk, who holds the maximum £50,000 in Premium Bonds, secured the prize with bond number 570QM451332 purchased in February 2024. The second £1 million winner hails from Berkshire, also holding £50,000 in Premium Bonds, with the winning bond number 377PG290829 acquired in December 2019.
Premium Bonds, a savings product offered by National Savings & Investment (NS&I), enter participants into a monthly prize draw instead of providing a fixed interest rate. The smallest monthly prize is £25, while the largest jackpot is £1 million. The odds of winning a prize each month stand at 22,000 to 1 for every £1 bond.
The prize fund rate, currently at 3.60%, has remained unchanged since the August 2025 draw. Although the rate has slightly decreased recently, resulting in fewer larger prizes being awarded, there are still two £1 million prizes given out monthly among over 24 million Premium Bonds holders.
Last month, data revealed the luckiest areas for winning Premium Bond prizes, with Hampshire and the Isle of Wight residents claiming the second highest number of £100,000 prizes in 2025. Essex and Outer London followed closely, with Norwich and Cumbria each celebrating two £1 million jackpot wins.
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