National Savings and Investments (NS&I) has revealed the first Premium Bonds winners for the New Year with the Government-backed bank publishing the winning bond numbers for January 2026.
While normal savings accounts accrue interest rate, savers who buy Premium Bonds are enrolled in monthly cash prize draw which could see them win up to £1million if they are lucky.
Only two individuals take home the jackpot £1million lump sum, however, bondholders can still win large amounts of up to £10,000, £50,000 and £100,000.
The first January 2026 Premium Bonds winner is from Suffolk and has the winning bond number 570QM451332, which was purchased in February 2024.
Who is winning the Premium Bonds £1million lottery for January 2026?
|GETTY / NS&I
This bond is valued at £10,000 with the winner's overall Premium Bonds holding coming to £50,000.
January 2026's second Premium Bond winner is from Berkshire and has the winning bond number 377PG290829.
Their winning bond is also valued at £10,000, but was purchased in December 2019, with their overall Premium Bonds holding 377PG290829.
Bondholders can check to see how much they have won by checking NS&I's website or by using the Premium Bonds prize checker app.
Analysts note that Britons have the opportunity to "win big" with Premium Bonds but need to be patient in order to see a return on their investment.
Tom Francis, the head of Digital Advice at Octopus Money, said, "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.
Premium Bonds holders can check to see if they have won a prize via the Premium Bonds prize checker app | NSILATEST DEVELOPMENTS
"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."
According to the latest figures from NS&I, Premium Bond savers received 71,722,056 prizes in 2025, which came to an estimated £4,950,616,350 in prize winnings.
Notably, last year marked the 68th anniversary of ERNIE (Electronic Random Number Indicator Equipment), which is used by NS&I to pick each month's prizes.
Are you a Premium Bonds prize winner? | GETTY/NS&I Andrew Westhead, NS&I Retail Director, said: "2025 has been another outstanding year for Premium Bonds.
"As we marked the 68th anniversary of ERNIE drawing the first winners in June, it’s been great to see that Premium Bonds continue to bring excitement and opportunity to savers far and wide.
"From our long-standing Bond holders to our thousands of new customers, we’re proud that NS&I is trusted by millions of savers, and we’re looking forward to paying out millions more tax-free prizes in 2026."