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Premium Bonds Draw Yields Two £1 Million Winners as Rate Drops to 3.6%

With its prize fund rate at 3.6 percent, NS&I is urging holders to use its prize checker to claim over £103 million in unclaimed awards

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Overview

  • The August 2025 draw produced two £1 million winners, one in Central Bedfordshire holding £7,000 in bonds and another overseas with a £50,000 stake
  • NS&I reduced its annual prize fund rate from 3.8 percent to 3.6 percent for the August draw, shrinking the number and size of larger awards while keeping two top jackpots unchanged
  • More than 2.5 million prizes worth over £103 million remain unclaimed as of July, leading NS&I to promote its online prize checker and My Lost Account tracing service
  • Premium Bonds holders moving abroad must maintain a UK bank account in pounds sterling and keep their contact details up to date to receive prize payments
  • The government-backed no-interest scheme has 24 million participants with £127 billion invested and fixed odds of about 22,000-to-1 per £1 bond for monthly prize draws