NS&I has confirmed the winning bond numbers for November 2025 with savers being urged to check if they have won a lump sum this month.
Unlike traditional savings accounts which accrue interest, customers of National Savings and Investments' (NS&I) signature product are enrolled in a monthly cash lottery.
Two lucky savers from Shropshire and York are celebrating this month after each winning £1million in November’s Premium Bonds prize draw.
The milestone draw also marks 69 years since Premium Bonds first went on sale in November 1956.
In total, more than 6 million prizes worth over £401million have been paid out this month, according to NS&I.
The first £1million winning Bond, 258GE105589, belongs to a saver from Shropshire who bought their Bond in October 2015 and holds £50,000 in total. They are the fourth jackpot winner from the county.
The second £1million prize went to a saver from York with Bond number 568FY679677, purchased in February 2024. They also hold £50,000 in Premium Bonds and are the second jackpot winner from the city.
NS&I is a Government-backed institution which means means any money someone invests in Premium Bonds is lent to the state. This makes it a risk-free investment option.
Are you a Premium Bonds prize winner? | GETTY/NS&I Andrew Westhead, NS&I Retail Director, said: "Congratulations to our two jackpot winners from Shropshire and York who have each started the countdown to the festive period a million pounds richer."
This month is particularly special because we're celebrating 69 years since Premium Bonds originally went on sale. Over 22 million people hold Premium Bonds, with the exciting chance of winning one of the millions of tax-free prizes each month."
One of the October Premium Bonds jackpot winners said: "What an amazing surprise. I’m going to treat myself to a new ukulele. We’re off to Australia first class next year, champagne & comfort all the way."
While Premium Bonds are primarily known for the £1million prize, savers also have the opportunity to win smaller, but significant, amounts including £100,000, £50,000 and £1,000.
LATEST DEVELOPMENTS
Premium Bonds holders can check to see if they have won a prize via the Premium Bonds prize checker app | NSISeveral savers also picked up £100,000 Premium Bonds prizes. One winner from Outer London picked up £100,000 with Bond number 257HV256563, purchased in October 2015. They hold £50,000 in Premium Bonds, with the winning Bond worth £10,000.
Another £100,000 prize went to a saver in Barnet. Their winning Bond number 211GQ660633 was bought in August 2013, and they also hold £50,000 in total, including a £30,000 Bond.
Premium Bonds were first introduced in 1956, giving savers the chance to win tax-free cash prizes instead of earning regular interest.
The first prize draw took place in June 1957, and since then NS&I has paid out more than £38 billion in prizes - with two new millionaires crowned every month.
Any prizes won from Premium Bonds are tax-free with the minimum someone can invest being £25 and the maximum amount standing at £50,000.
As it stands, the odds of someone having a winning each month is 22,000 to 1 for every £1 bond. According to NS&I, each bond has an equal chance of winning a prize, however someone will have a higher chance of winning if they hold more bonds.
NS&I's prize fund rate, which is the closest Premium Bonds has to an interest rate, is currently sitting at 3.60 per cent.
Savers can check if they’ve won a Premium Bonds prize in several easy ways. The prize checker will be updated on November 4.
The quickest option is the online prize checker, which shows results from the latest draw, any prizes won in the past six months, and any older unclaimed winnings.
The same information is available through the NS&I prize checker app, which can be downloaded for free from the Apple App Store or Google Play.
Savers can check if they’ve won a Premium Bonds prize in several easy ways
| GETTYWinners can also use Amazon Alexa to check their results by enabling the Premium Bonds prize checker skill.
Tom Francis, the head of Digital Advice at Octopus Money, broke down the likelihood of the average Premium Bonds holder winning a big prize from NS&I's lottery.
He shared: "Premium Bonds give you a chance to win big – but it’s a slim one, and you’ll likely be left waiting.
"Our research shows Premium Bond holders wait an average of 3.5 years before they win a penny, and the odds are skewed towards those with the biggest holdings: 94 per cent of jackpot winners held over £10,000.
"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."