Overview

• Two bondholders from Derbyshire and Suffolk won the top £1 million prize in the May 2025 Premium Bonds draw.
• The draw distributed 5,929,027 prizes worth a total of £413,055,400, slightly higher than April's prize fund.
• The annual prize fund rate dropped to 3.8% in April 2025, following successive cuts from 4.4% in December 2024.
• Despite over 24 million bondholders, around 14.4 million have never won a prize, leading to growing criticism and some customers abandoning the product.
• Bondholders can check their winnings through the NS&I website, app, or Alexa skill, with no time limit on claiming prizes.