The Premium Bonds results for July 2026 have been announced by NS&I, with two savers each winning £1million. The first winner, from Reading, holds £49,931 in Premium Bonds and purchased the winning bond (250TP871786) in July 2015. The second winner, from Warwickshire, has £14,000 invested and bought bond number 217AV429216 in January 2014.
How Premium Bonds Work
Premium Bonds are a savings product offered by NS&I, backed by the Treasury. Instead of earning interest, savers are entered into a monthly prize draw. Prizes range from £25 to £1million, but there is no guarantee of winning each month. The odds of winning for each £1 bond have shortened to 22,000 to 1 this month.
Prize Fund Rate Increase
The prize fund rate, the nearest equivalent to an interest rate, has risen from 3.3% to 3.8%. NS&I estimates this will result in an additional 322,000 prizes each month, increasing the prize pot by over £60 million. However, only two £1million prizes are awarded monthly.
Winners are notified via email or text from NS&I and can choose to have the money paid into their bank account or reinvested in Premium Bonds. Savers can also check results using the NS&I online prize checker or the Premium Bonds app. More than 22 million people currently hold Premium Bonds.
