The wait is over for millions of Premium Bonds holders as NS&I has revealed the lucky winners for October 2025. This month's draw has created two new millionaires while distributing thousands of other prizes across the UK.
October's Millionaire Makers
The electronic random number indicator equipment, affectionately known as ERNIE, has selected two bond holders who will wake up £1,000,000 richer. One winning bond belongs to an investor from Surrey, while the other million-pound prize went to a holder in Greater Manchester.
These life-changing wins come as NS&I continues its long-standing tradition of creating instant millionaires through the Premium Bonds scheme, which has been running since 1956.
Prize Breakdown: What's Up for Grabs
This October, NS&I is distributing over 5.8 million prizes worth more than £444 million in total. The prize fund includes:
- 2 x £1,000,000 jackpots
- 87 prizes of £100,000
- 175 prizes of £50,000
- Thousands of smaller prizes from £25 to £25,000
How to Check If You've Won
Bond holders have several ways to discover if they're among October's winners:
- Official NS&I app: Download and check your results instantly
- Online: Visit the NS&I website and log into your account
- Alexa: Ask "Alexa, check my Premium Bonds"
- Post: Winners receiving prizes by cheque will be notified by mail
Understanding Your Odds
The current prize fund rate stands at 4.40%, with individual odds of winning any prize at 21,000 to 1 for each £1 bond. While the million-pound prizes capture headlines, the majority of winners receive smaller amounts that still provide a welcome boost to their savings.
"Every month brings new excitement for our Premium Bonds holders," said an NS&I spokesperson. "Whether it's the life-changing million-pound prizes or the smaller wins that bring a smile, it's wonderful to see so many people benefiting from this unique savings product."
What Happens to Unclaimed Prizes?
With millions of prizes distributed monthly, some inevitably go unclaimed. NS&I maintains records of all unclaimed prizes and continues to notify winners through various channels. Bond holders are encouraged to keep their contact details updated to ensure they don't miss out on potential wins.
The Premium Bonds scheme remains one of Britain's most popular savings methods, combining the security of government-backed investment with the thrill of potentially winning tax-free prizes.
