In an announcement by NS&I today, the results of the Premium Bond draw for July 2026 revealed two fortunate individuals who are now £1 million richer.
The first £1 million winner, residing in Reading, holds £49,931 in Premium Bonds, just shy of the maximum limit of £50,000. The winning bond number, 250TP871786, was purchased in July 2015.
The second £1 million winner hails from Warwickshire and has £14,000 invested in Premium Bonds. Their winning bond number, 217AV429216, was acquired in January 2014.
Premium Bonds, a savings product offered by NS&I and backed by the Treasury, provide an alternative to traditional interest-bearing accounts by entering participants into a monthly prize draw.
The monthly prizes for Premium Bonds range from £25 to £1 million, with no guarantee of winning each month. While the larger sums like £1 million are scarce, there are numerous smaller prizes, such as the frequent £25 awards.
Participants can hold a maximum of £50,000 in Premium Bonds, with each £1 investment assigned a unique bond number. New Premium Bond purchases require a full calendar month of holding before eligibility for the monthly prize draw.
The odds of winning a bond have improved to 22,000 to 1 for each £1 bond this month, with the prize fund rate rising from 3.3% to 3.8%.
Despite the increase in the prize fund rate, the number of £1 million prizes remains at two, with an estimated additional 322,000 prizes to be distributed monthly, and the prize pot increasing by over £60 million.
Winners are notified by email or text message from NS&I and can choose to have their prize money deposited into their bank account or reinvested into Premium Bonds. An online prize checker tool is available for individuals to verify if they have won.
Currently, more than 22 million individuals hold Premium Bonds, making it a popular savings option for many.
