Every month, savers have the chance to win big prizes as the Premium Bonds winning numbers are announced. There are now 24 million people taking part in the government-backed savings scheme, with more than £127bn banked.
Premium bonds are an investment product from the National Savings and Investment (NS&I), which is owned by the government. Each month, millions of savers are entered into a prize draw to win cash prizes ranging from £25 to £1 million, with two millionaires made at every draw.
Every £1 entered has a 22,000-to-one chance of winning. The minimum investment is £25, while the maximum is £50,000.
These savings don’t accrue interest as with regular bank accounts, but are put up against a random digital prize picker called ‘Ernie’ – the Electronic Random Number Indicator Equipment.
The date of this month’s draw is Friday 2 January. The results of this draw are available a day later and released by the NS&I here.
Who won the £1 million jackpots this month?
The first premium bonds £1 million winning number this month is 570QM451332 – an account holder from Suffolk. They purchased the winning bond less than two years ago in February 2024 and hold £50,000. They are the 11th jackpot winner from Suffolk.
The second number is 377PG290829, belonging to someone in Berkshire. They’ve held £50,000 since December 2019. They are the fifth person to win the £1 million jackpot in Berkshire.
Andrew Westhead, NS&I Retail Director, said: “We’re delighted to kick off 2026 by creating our first Premium Bonds millionaires of the year in Suffolk and Berkshire.
“The jackpot winners aren’t the only ones celebrating. This month, ERNIE drew more than six million tax-free prizes worth over £406 million, bringing a happy new year to savers across the country.
Get a free fractional share worth up to £100.
Capital at risk.
Terms and conditions apply.
ADVERTISEMENT
Get a free fractional share worth up to £100.
Capital at risk.
Terms and conditions apply.
ADVERTISEMENT
“Premium Bonds holders can check if they’ve won a prize from Saturday, 3 January on our quick and easy NS&I prize checker app.”
What are the chances of winning with Premium Bonds?
There are many Premium Bond winners every month, but the actual chance of winning remains fairly low. Most people will never win a prize, meaning their investment will stay the same. However, the scheme is also risk-free, meaning money won’t be lost either.
Analysis by money expert Martin Lewis found that the ‘interest rate’ on Premium Bonds accounts is 4 per cent when all winnings are considered – but notes most people won’t see anything like this. Many savings accounts in the UK also offer a higher interest rate than this, which will be far more consistent.
The distribution of prizes changes slightly every month. These were the results in January 2026:
- £1 million x 2
- £100,000 x 77
- £50,000 x 156
- £25,000 x 309
- £10,000 x 773
- £5,000 x 1,548
- £1,000 x 16,276
- £500 x 48,828
- £100 x 1,731,056
- £50 x 1,731,056
- £25 x 2,635,562
How to check if you’ve won a Premium Bond prize
To check if you’ve won a prize on Premium Bonds, you can visit the NS&I checker on its website and enter your bond numbers.
There is also an NS&I app which allows savers to check results on the go.
