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Premium Bonds January Draw Names Two £1m Winners, £406.9m in Prizes Awarded

NS&I urges savers to use its prize checker as analysts say more than £100 million in winnings remains unclaimed.

Overview

  • Jackpots went to bond numbers 570QM451332 in Suffolk and 377PG290829 in Berkshire, with both winners holding £50,000 and purchasing their winning bonds in February 2024 and December 2019 respectively.
  • ERNIE generated 6,165,674 tax‑free prizes worth £406,932,450 in the January 2026 draw, maintaining the two £1 million top awards alongside millions of smaller payouts.
  • NS&I is advising customers to verify results via its app or website, following repeated reminders that a large pool of prizes has not been claimed.
  • Premium Bonds remain a government‑backed product with a 3.60% prize fund rate since August 2025, minimum investment of £25, maximum holding of £50,000, and approximate odds of 22,000 to 1 per £1 bond each month.
  • Across 2025, NS&I reports 71,722,056 prizes paid totaling about £4.95 billion, with eligible Premium Bonds holdings rising by more than £5.8 billion during the year.