💷 May 2025 Premium Bonds: Two £1M Winners Announced
The May 2025 Premium Bonds draw has brought life-changing news for two lucky savers. One winner from Derbyshire and another from Suffolk have each won £1 million, completely tax-free.
The Derbyshire winner had £25,361 invested in Premium Bonds, while the Suffolk winner had a total holding of £35,000.
These wins show that both small and larger investments can strike it lucky.
📉 NS&I Lowers Prize Fund Rate Again
NS&I (National Savings and Investments) has reduced the Premium Bonds prize fund rate to 3.80% as of April 2025.
This is the second recent drop—down from 4.65% in early 2024 to 4.40%, and now to 3.80%.
As a result, the chances of winning are now 1 in 22,000, meaning it’s slightly harder for bondholders, especially those with lower balances, to win.
Still, NS&I distributed over 5.9 million prizes in April, with payouts totaling £411 million.
📊 Prize Breakdown for May 2025
Aside from the two £1 million jackpots, the May prize draw included thousands of smaller wins:
-
Prizes ranged from £25 to £100,000
-
All winnings are tax-free
-
Winners are picked at random by ERNIE, the electronic random number generator
🧾 How to Check If You’re a Winner
You can check your Premium Bonds results through several methods:
-
NS&I prize checker: Available on the NS&I website and app
-
NS&I online account: Sign in to view recent winnings
-
NS&I helpline: Call for assistance if needed
You’ll need your holder’s number or NS&I number to check.
🗓️ When Is the Next Prize Draw?
The next Premium Bonds draw will be announced on Monday, June 2, 2025.
Winners are revealed each month on the first working day, so mark your calendar and check your details are up to date with NS&I.
