Excitement has swept across the UK as the latest Premium Bonds prize draw has created two brand new millionaires. National Savings and Investments (NS&I) revealed the October 2025 results, changing the lives of two lucky winners—one in outer London and the other in Suffolk. It’s moments like these that capture the imagination of Premium Bonds savers nationwide, reminding us all why this popular savings option continues to endure.
This month’s draw saw an outer London bondholder scoop the top £1 million prize with bond number 256VF976829. This winner has been holding Premium Bonds since September 2015 and currently holds the maximum £50,000 allowed. The second jackpot went to a Suffolk resident, whose winning bond (532PY385863) was purchased much more recently in April 2025. They have £10,000 invested in NS&I Premium Bonds, proving that both long-time savers and newer bondholders have a chance to win big.
What Makes Premium Bonds So Special?
Premium Bonds, offered by NS&I, are a firm favourite among UK savers. Instead of getting a fixed interest rate, every £1 bond you hold is automatically entered into the monthly prize draw. Prizes in the Premium Bonds draw can range from £25 up to that life-changing £1 million jackpot—all completely tax-free.
You can start investing with as little as £25, and you’re allowed to hold up to £50,000 in bonds. Because Premium Bonds are issued by NS&I—backed by the UK Treasury—your money is safe, and there’s always a chance you’ll be one of the next Premium Bonds prize winners. Millions in the UK value the combination of savings security and the monthly thrill of the draw.
October’s Prize Winners: Big and Small
While the two £1 million winners made headlines, millions of others across the country received good news this October. In total, over 5.8 million prizes worth more than £479 million were paid out to Premium Bonds holders. The prize tiers offer plenty of variety, so there are lots of opportunities to win:
- £1,000,000: 2 prizes
- £100,000: Dozens of winners
- £50,000: Plenty more receive this tier
- £25,000, £10,000, £5,000: Many winners across the UK
- £1,000, £500, £100, £50: Thousands given out each month
- £25: By far the most common prize, landing in the accounts of millions
Even if you didn’t hit the jackpot, smaller prizes continue to brighten the day for bondholders everywhere. Check your numbers—you could have a surprise waiting!
Have You Checked Your Premium Bonds Lately?
Finding out if you’re a prize winner couldn’t be easier. NS&I has made it simple for holders to check for Premium Bonds prizes. The NS&I official prize checker tool is easy to use, and their mobile app allows you to look up your winning numbers in seconds. All you need is your holder’s number.
Set up notifications on the app or, if you like a bit of tradition, even ask your Amazon Alexa. Don’t forget to check each month—millions of prizes go unclaimed simply because people forget to look.
There’s Still Time to Claim Unclaimed Prizes
Did you know there are over 2.4 million Premium Bonds prizes still waiting to be claimed in the UK—totalling more than £89 million? Many people lose track of bonds after moving house or receiving them as a childhood gift. NS&I urges everyone to use their online prize checker; it only takes a minute and you could discover a winning bond from years ago.
Best of all, there’s no time limit for claiming your Premium Bonds prizes, so it’s worth double-checking that you haven’t missed out.
Are Premium Bonds Worth It?
Every month, the debate continues—are Premium Bonds a good home for your savings? While you won’t earn guaranteed interest (and inflation can eat away at the value of your money), there’s something undeniably thrilling about the monthly draw and the chance to win tax-free cash. Higher-rate taxpayers in the UK often find the tax-free benefit particularly appealing.
Of course, Premium Bonds might not be the best option for those seeking predictable returns, but for millions in the UK, they remain a popular—and secure—way to save while dreaming of that big win.
Looking Ahead: Could You Be Next Month’s Winner?
As these two lucky Premium Bonds holders celebrate their newfound millionaire status, the next draw is just around the corner. If you want a shot at becoming a Premium Bonds prize winner, make sure your bonds are purchased before the end of the month. Every bond is another shot at winning, so why not check your Premium Bonds today? The next name on NS&I’s winners’ list could be yours.
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