🔵 LIVE PRIZE DRAW UPDATE
Last Updated: February 3, 2026
NS&I has officially confirmed the February 2026 Premium Bonds prize draw results. Two new £1 million jackpot winners have been announced from Hampshire and Greater Manchester each holding the maximum £50,000 in bonds.
Millions of tax-free prizes have been distributed across the UK. Use the NS&I prize checker below to see if you’re among the latest winners.
National Savings & Investments (NS&I) has once again revealed the latest winners of its Premium Bonds monthly prize draw for 2026, offering thousands of UK savers the chance to win tax‑free money.
Each month, millions of prizes ranging from £25 to £1 million are allocated randomly to holders of Premium Bonds in the UK, creating excitement and anticipation among savers across the nation.
What Are NS&I Premium Bonds?
NS&I’s Premium Bonds, backed by the UK Government, offer a distinctive savings option where savers enter monthly prize draws instead of earning interest. Unlike traditional savings accounts that pay interest, Premium Bonds enter savers into a monthly prize draw where cash prizes are awarded instead of interest.
How Do They Work?
Every £1 invested in Premium Bonds gives the holder one chance to win in the monthly draw. Bonds are entered into the first draw after they’ve been held for one full calendar month. Savers can hold between £25 and £50,000 in Premium Bonds, and all prizes are completely free from UK income tax and capital gains tax.
The random number generator that selects the winning bond numbers is known as ERNIE the Electronic Random Number Indicator Equipment. This ensures fairness and randomness in the draw each month.
How Are NS&I Premium Bonds Winners Selected Each Month?
Each month, ERNIE generates winning bond numbers that correspond to prizes of varying values. The highest‑value prizes include:
- £1 million jackpots
- £100,000 prizes
- £50,000 prizes
- £25,000 and lower tier prizes
Typically, two winners receive the £1 million top prize each month, while others receive numerous smaller prizes. The chance of any individual £1 bond winning a prize is around 22,000 to 1 in each draw, though this figure can vary slightly depending on the prize fund and number of bonds held.
Winning bondholders do not need to buy bonds in any specific year or month bonds purchased years earlier are just as eligible to win as recent purchases.
NS&I Premium Bonds Winners – January 2026 Overview
In the January 2026 Premium Bonds prize draw, NS&I announced a £1 million jackpot winner from Suffolk and another from Berkshire both of whom held the maximum £50,000 in Premium Bonds at the time of the draw.
Across the January draw:
- More than £406 million was distributed among winners.
- Over six million tax‑free prizes were awarded.
- Hundreds of savers won prizes ranging from £5,000 to £100,000.
This rich prize distribution demonstrates how Premium Bonds can deliver large rewards to savers of all types, whether they hold many bonds or just a modest amount.
Where Can You Check If You’re a Premium Bonds Winner?
If someone holds Premium Bonds, they can check the results of the latest and past monthly draws in several ways:
- NS&I Premium Bonds Prize Checker Website – Enter the holder’s number on the official site to see if a prize has been won.
- Official NS&I Prize Checker App – Available for both iOS and Android devices, allowing holders to check on the go.
- Voice Assistant Tools -Some platforms, like Amazon Alexa, can check prizes via voice commands.
The prize checker shows the current month’s results, any prizes won in the previous six months, and older unclaimed wins.
Results for high‑value prizes (such as £1 million) are usually announced on the first working day of the month, with the online prize checker updated shortly afterwards typically by the third or fourth working day.
Premium Bonds Prize Breakdown and Odds of Winning
Premium Bonds prizes are funded by the prize fund rate a variable rate set by NS&I that determines the total prize pot available each month. A small percentage of the total bonds eligible in that draw contributes toward this fund.
A broad view of monthly prize prizes may include:
| Prize Value | Typical Odds per £1 Bond |
| £1,000,000 | Extremely rare — millions to one |
| £100,000 | Very rare |
| £10,000 | Rare |
| £5,000 | Uncommon |
| £1,000 & below | More frequent |
| £25 | Most common |
Although large prizes gain most attention, the vast majority of prizes each month are in the lower‑value brackets like £25 and £50 — ensuring many savers receive something each month.
What Happens If You Win? Claiming Your Premium Bonds Prize
Winning a Premium Bonds prize is straightforward:
- Major prizes (£10,000 and below): Paid automatically into the holder’s bank account or reinvested, depending on their choice.
- Mid‑range prizes (£10,000–£100,000): NS&I may send a claim form by post asking how the winner would like to receive the prize.
- Top £1 million prizes: Winners are contacted directly and informed of their win.
NS&I advises that there is no time limit on claiming prizes, and holders can check older draws to claim any unclaimed winnings.
Can Premium Bonds Be a Reliable Savings Option in 2026?
Premium Bonds remain a popular savings choice in the UK for several reasons:
Advantages:
- Tax‑free prizes – All winnings are exempt from income tax and capital gains tax.
- Government‑backed security – Money is secure and guaranteed by HM Treasury.
- Excitement of prize draws – The chance to win more than traditional interest.
Considerations:
- Odds of winning large prizes are slim compared with traditional returns on some savings products or investments.
- Lower‑value prizes often make up the majority of wins.
For those who prioritise steady returns over chance‑based rewards, other savings or investment vehicles may better meet their financial goals.
How to Improve Your Chances of Winning Premium Bonds Prizes?
While Premium Bonds operate a random draw with no guaranteed winnings, there are some ways holders can legally maximise their opportunities:
- Hold more bonds – More bonds mean more chances in the draw.
- Keep contact details updated – This helps ensure winners receive notifications.
- Check regularly using the prize checker tool – Don’t miss out on older unclaimed prizes.
Monthly Draw Updates: What to Expect Throughout 2026
Premium Bonds prize draws take place monthly throughout 2026. Key points savers should note:
- Early in each month, NS&I announces the £1 million jackpot winners.
- Shortly after, the official prize checker lists all prize winners from that month.
- Smaller prizes are added in subsequent days.
Keeping a calendar of draw dates helps bondholders stay organised and check prizes promptly.
Conclusion
Premium Bonds continue to offer UK savers a compelling mix of security and excitement. Each monthly draw brings the thrill of winning tax‑free prizes from smaller amounts to life‑changing jackpots making Premium Bonds a unique savings option as part of a broader financial plan.
Whether someone is a long‑term bondholder or considering buying for the first time, staying informed and using the available prize checking tools is the best way to ensure they don’t miss out on any potential winnings.
FAQs
What time are NS&I Premium Bonds results released each month?
Results for the top prizes are usually announced on the first working day of the month, with full prize details available through the NS&I prize checker shortly afterwards.
Can someone still win if they bought Premium Bonds recently?
Yes. bonds become eligible for the next monthly draw after being held for one full calendar month.
Are Premium Bonds prizes really tax‑free?
Absolutely, all Premium Bonds prizes are exempt from UK income and capital gains taxes.
How many Premium Bonds does someone need to increase their chances?
The more bonds held, up to the £50,000 limit, the greater the statistical chance of winning, though there are no guarantees.
What happens to unclaimed Premium Bonds prizes?
Prizes remain claimable indefinitely, though holders should keep contact details current to avoid missing notifications.
Is there a limit to how many Premium Bonds one can hold?
Yes, the maximum holding is £50,000 per person.
Do Premium Bonds expire or lose value over time?
Premium Bonds do not expire, and the original capital remains intact, but the chances of winning in monthly draws continue indefinitely.