Premium Bond holders across the UK are being urged to check their unique Bond numbers immediately, as the results of the highly anticipated February prize draw have now been officially announced. The monthly event, conducted by National Savings and Investments (NS&I), sees millions of prizes distributed, with every single £1 Bond entered holding an equal chance of being selected for a reward.
February's Top Prize Winners
The headline news is the creation of two new millionaires. One of the coveted £1 million jackpots was awarded to a saver residing in the Liverpool region. Their winning Bond, numbered 40QJ919368, was originally purchased over two decades ago in October 2004 with an initial investment of £2,000. Remarkably, this holder entered the February draw with the maximum permitted holding of £50,000 in Premium Bonds.
The second £1 million prize was claimed by an individual from Central Bedfordshire. In a contrast of investment timelines, their lucky Bond, 489TB013219, was acquired much more recently in February 2022 with a purchase of £17,500. They too held the full £50,000 allowance going into this month's draw.
A Mix of New and Longstanding Savers Rewarded
The February draw proved that patience can pay off, with several longstanding customers receiving significant prizes. The oldest Bond to secure a large prize was number TS968214, belonging to a saver in Devon. This Bond has been held since its purchase in July 1973 for just £90.
The trend continued with other Bonds purchased in the 1970s yielding rewards. A resident of Plymouth won a £5,000 prize with Bond 2NN092213, bought in October 1975. Similarly, a saver from South East Wales pocketed £5,000 from a Bond purchased in April 1977 for a mere £25. Interestingly, this winner held a total of just £86 in Bonds for the February draw, demonstrating that large holdings are not a prerequisite for success.
Understanding the Odds and Prize Structure
Each £1 Premium Bond entered into the monthly draw currently has a 22,000 to one chance of being paired with a prize. The prize fund rate stands at 3.6 percent. While the odds of winning any prize have remained static since December 2024, the value of the prizes on offer has been influenced by recent changes.
The prize pool ranges from £25 up to the life-changing £1 million, with two top-tier £1 million prizes guaranteed in every monthly draw. Additional high-value prizes of £100,000, £50,000, and £10,000 are also consistently awarded.
Recent Changes to the Prize Fund
NS&I implemented a series of reductions to the Premium Bonds prize fund rate throughout the previous year. This adjustment means that, although the statistical odds of winning remain unchanged, the proportion of cash paid out relative to the total Bonds in the draw has decreased, subtly reducing the likelihood of landing one of the larger prizes.
The rate was most recently lowered in August 2025, falling from 3.8 percent to the current 3.6 percent. This followed earlier reductions in April 2025 (from 4 percent to 3.8 percent) and January 2025 (from 4.15 percent to 4 percent). Savers are encouraged to consider these factors as part of their overall savings strategy.
With the results now public, all Premium Bond holders should promptly verify their numbers via the official NS&I prize checker to see if they have joined the ranks of February's winners.
