November 2025 Premium Bond Winners Revealed: £1 Million Prizes and Lucky Numbers

We’ve just seen the results for the November 2025 draw of the National Savings & Investments (NS&I) Premium Bonds, and two lucky people each won £1 million. For many thousands of others, smaller prizes were also awarded. But what does this mean for you as a saver? Premium Bonds work differently from a standard savings account. You don’t earn fixed interest. Instead, each £1 enters a monthly draw for tax-free prizes.
We will walk through the big winners from November, break down the prize tiers, explain how the draw is run, and discuss why so many people still take part. Whether you already hold some Premium Bonds or you’re simply curious, we’ll guide you with clear facts and helpful insights.

What Are Premium Bonds?

Premium Bonds are a unique savings product offered by NS&I in the UK. Instead of paying interest, the money invested is entered into a monthly prize draw. Winners can get amounts that range from smaller sums to life-changing jackpots.
Here are the key features:

• Minimum investment: £25, maximum allowed holding: £50,000.
• Each £1 bond is assigned a number. That number enters the monthly draw. The larger your bond amount, the greater your chances of winning a prize.
• Prizes are tax-free in the UK.
• The product is backed by the UK Government, so your original investment is secure.

Because there is no guaranteed interest, this is a different sort of savings tool; it’s a blend of savings and chance.

November 2025 Premium Bond Draw, Key Highlights

In November 2025, the Premium Bonds draw brought some headline-making results. According to multiple sources:

• Two savers each won the £1 million jackpot. One is from Shropshire, the other from York.
• The winners each held around the maximum allowed holding of £50,000.
• In addition to the top prizes, NS&I awarded 75 prizes of £100,000 in this draw, and nearly 19,000 “high value” prizes overall.
• The odds of winning any prize for each £1 held stand at about 22,000 to 1.

These results underline the appeal: many want the chance of winning big, even if the odds are slim.

£1 Million Jackpot Winners

Let’s zoom in on the jackpot winners for November 2025:

• The first winner is from Shropshire. They had invested the full £50,000 and held a bond purchased around October 2015.
• The second winner comes from York. They also invested £50,000, and their winning bond was bought in February 2024.
• These winners show how different approaches can achieve success: one held bonds for many years, the other held them for a shorter period.
• The regional spread (Shropshire & York) demonstrates that winners can come from across the UK; there’s no known “winner’s postcode” advantage.
• Historically, most of the big winners held substantial amounts of bonds. For example, one study showed that over 94 % of jackpot winners held over £10,000 in bonds.

In short: big prize, big holding, but still a lot of luck involved.

Prize Breakdown Across All Tiers

To understand the full picture, here’s how the prize structure typically works for Premium Bonds:

• Top tier: Two £1 million prizes each month. For November 2025, there were two winners.
• High value tier: £100,000 prizes (75 in this draw) plus other large sums.
• Medium value: Prizes such as £50,000, £10,000, £5,000.
• Lower tier: Many prizes of £100, £50, and £25.
  According to NS&, the odds for a £1 bond winning any prize each month are ~22,000 to 1.

A recent summary: “In 2024, 88 % of winners won less than £2,000, while only 0.32 % won over £10,000.” Also, from June 2025 data: the prize-fund rate stood at 3.60 % (annualized) and odds remained unchanged. So, while the jackpots grab headlines, most winners receive much smaller amounts.

How Winners Are Selected, ERNIE Explained

You might wonder: how are winners chosen?

• The draw uses a machine called ERNIE (Electronic Random Number Indicator Equipment). It has been generating winners since 1957.
• Every £1 bond has exactly the same chance each month of being selected.
• The odds (as of now) are about 22,000 to 1 for each £1 bond per month.
• NS&I also explains how prizes are split into value bands (higher, medium, lower) and each band gets a share of the total prize fund.
  Therefore, it’s fair and transparent: equal chance per bond, but more bonds means more entries.

Economic Context: Why Premium Bonds Still Matter

Why do people still invest in Premium Bonds when regular savings accounts exist? Let’s explore the context.

• The UK savings market is volatile. Interest rates have moved up and down. In this context, Premium Bonds offer a guaranteed safe place (backed by the government) plus the chance of a big prize.
• As of August 2025, NS&I set the prize fund rate at 3.60 %, down from higher levels previously.
• Inflation and real returns matter. If you hold savings in a standard account with very low interest, inflation can erode value. With Premium Bonds, you have the same risk of low, consistent returns, but you also retain the possibility of larger upside.
• It’s popular: around 22.7 million people hold the Premium Bonds, with about £127.7 billion invested at the end of 2024.

Thus, Premium Bonds provide a mix of security and potential upside, albeit with no guarantee of winning.

Conclusion

We’ve seen that November 2025’s draw rewarded two winners with £1 million each, along with many other smaller prizes. The draw process is open and equal: any £1 bond stands the same chance each month. Yet, for many holders, the return is modest. If you hold Premium Bonds, check your numbers, stay informed, and understand what you’re investing for: security plus the possibility of a big win, not a fixed return. For those considering investing, weigh your goals: stability, excitement, or guaranteed returns. Premium Bonds stand as a unique option in the savings landscape.

FAQS

Disclaimer:

The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.