
Premium Bond Winners July 2025: Who won in the NS&Is
Only two lucky winners get to claim the top million-pound prize, with the first being claimed by a winner from Norwich with the bond number 224LR913240.
The owner's winning bond was valued at £10,000 and was purchased in June 2014 with an overall holding of £50,000.
The second Premium Bond winner to claim £1 million is from Nottingham with the bond number 83EP714276.
The winner has an overall holding of £49,100 with a winning bond worth £1,000 purchased in October 1997.
Every month, only two winners take home £1 million, but plenty of other prizes are available, with around 80 people winning the second prize of £100,000 and 163 claiming £50,000.
You can check out the big winners for June via the NS&I website here.
You can check your account via the NS&I website.
Prize draws are conducted every month and prizes up to £1,000,000 are given away.
To find out if you have ever won a Premium Bonds prize, you will need to dig out your holder's information and head over to the prize checker.
Martin Lewis confirms whether Premium Bonds are really 'worth it'
NS&I Premium Bonds warning for anyone who has under £10,00
Millions of Premium Bonds holders warned ahead of change
You will need your holder's number which you can find on your bond record, or in the app.
You can also use your NS&I number which you should be able to find on any communication about your bonds.
Premium Bonds are the UK's biggest savings product, with more than 24 million people saving over £122 billion in them, according to Money Saving Expert.
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The Independent
an hour ago
- The Independent
Is this the end of your ISA? Not necessarily…
I've been a fierce critic of the chancellor, Rachel Reeves – and I make no apology for that. But reducing the cash ISA allowance is a policy I can actually get behind – even if it's proved controversial in other circles. In fact, I'd go one further and say it's time ISAs were scrapped altogether. As it stands, Britons can currently save up to £20,000 tax free via ISAs – either in cash, stocks and shares, or 'innovative finance', which basically involves the account holder becoming a lender. You can mix-and-match the three options up to the maximum amount in any one year. Cash ISAs have, however, become by far the most popular, despite offering the least. Why? As Richard Watkins, a certified financial planner at Continuum, explains: 'In 2022/23 the total value of adult ISAs amounted to £71.6bn – of which, 63.2 per cent or £45.2bn was held in cash ISAs. Cash ISA subscriptions have increased and stocks and shares ISA investment has decreased, as people are apprehensive about the future.' That is, of course, the result for just one year. A grand total of £300bn is sitting in these vehicles, earning interest which may not even beat inflation, currently 3.4 per cent. Per MoneySavingExpert, the very best 'brand name' cash ISAs (meaning that you'll have probably heard of the provider) pay 4.1 per cent per annum (Skipton and Leeds Building Society, but there is a Tesco offering that gets close). However, best rates typically come with strings. You may have to surrender some flexibility or maintain a minimum balance. Interest rates are also subject to change if the Bank of England lowers rates – which it is gradually doing. Fixed-rate accounts are available but they pay less. Reeves wants to see more of our savings put to work for the economy, and to help revive London's increasingly moribund stock exchange. One of the reasons that Britain's best young companies have been heading for Wall Street is because of the vast pool of investment capital on the street of dreams. While there are no guarantees, that could change if the chancellor can find a way to boost what London can offer. IG, the city firm, has called for cash ISAs to be put to the sword to that end. It would also be good for savers. Yes, investing in stocks and shares involves taking more risk. But honestly? People with the capacity to pump thousands of pounds into cash ISAs can probably afford to do that – and the rewards, over time, should comfortably exceed even the very best cash ISA. IG notes that the compound annual return from the FTSE 100 over 20 years (assuming you reinvest dividends) comes to 6.4 per cent. Fund managers levy charges which will eat into that, but if you choose a fund that tracks the index, these are low. When you invest also plays a role: the five-year figure is more than double that. But you get the picture... Watkins adds: 'A cash cushion is essential, but if you want a comfortable future for yourself then some risk-taking is essential. No one will do it for you and you need to get on with it, as time generally serves those who display commitment, patience and discipline. It is a regular conversation I have with clients about sticking to the plan, adapting when required, but seeing uncertainty as an opportunity rather than a threat.' He's right, and this is advice I've followed with my own savings – most of which are in the markets because that is where the returns are. Watkins also points out that there will still be options open for those seeking less risk: 'It may be worth looking at a reasonably stable low-cost gilt and/or bond fund that can provide a regular income and should not fall foul of changes to cash ISA allowances that may happen. There is an element of risk as no asset is risk-free, but they can offer an alternative to cash ISAs. All is not lost.' Ending the cash ISA will prove even more controversial, still. As the figures show, it is a highly popular product and voters tend not to thank politicians who take things away from them (though we don't know the extent of Reeves' plans yet). But consider that the ISA's tax-free predecessor – the Personal Equity Plan (PEP) – was introduced with the specific intention of creating a 'shareholding democracy' by the Thatcher government. There was thus no cash element. Reeves might not enjoy being compared to Margaret Thatcher (although I could be wrong), but if she has the fortitude to press ahead, she would be taking the ISA back to its PEP roots. She'd also be doing savers a favour. Some of the cash ISAs I found while researching this piece are frankly dismal. Take Barclays, for example. Its 'instant access' offering comes with a tax-free annual equivalent interest rate of 1.16 per cent. It is fair to ask whether it is a good use of the government's limited resources to be subsidising products which lose taxpayers' money in real terms and whose only purpose, as far as I can tell, would seem to be to generate vast profits for the banks. Anyone with an account like that should get hold of a transfer form from a more generous provider and switch – now. You have to do that to maintain the tax-free status, rather than withdrawing and investing anew. But it isn't hard to do. Chancellor Reeves has had a lot of bad ideas, but this is a good one. She should push the button.


South Wales Guardian
an hour ago
- South Wales Guardian
Is it time to ditch your Premium Bonds and bank your money?
The main issue is that the savings held in Premium Bonds don't accrue interest, as with regular bank accounts. New figures obtained via a Freedom of Information (FOI) request to NS&I show that Premium Bond holders are waiting 3.5 years to win a prize, and when they do win, 9 out of 10 walk away with less than £2,000. The vast majority of jackpots go to those holding over £25,000, making this savings product far less rewarding than putting the money into the bank with a high-interest account. Why do so many people give children Premium Bonds? Premium Bonds are only a decent bet if - You've a big whack in, say £10,000+ - & you pay tax on savings interest Most kids have/do neither. With £1,000 in over a year with typical (median average) luck you'll win nothing That's before bond holders factor in the cuts in the prize pot in recent months, with fewer big wins to go round. There will be an estimated 75 prizes of £100,000 for future draws, down from 79. Meanwhile, the number of £50,000 prizes will be reduced to 151 from 159. The number of £25,000 prizes will fall to 302 from 317, and £10,000 prizes to 754 from 792. However, the number of £1 million prizes will remain the same, at two. The number of £25 prizes is also set to increase for August's draw, with an estimated 2.56 million available, up from 2.19 million. Premium Bonds have become a national savings staple, with more than 24 million people holding over £130 billion in total. A survey of 2,000 UK adults by Octopus Money reveals the main reason for investing in Premium Bonds is the perceived lack of risk in losing the initial investment, followed by the tax-free status of a win and the possibility of a large return. While Premium Bonds do offer the chance of winning prizes, the analysis suggests Britain's favourite savings product is failing to deliver real value for everyday savers - most never win anything at all and the odds are highly skewed in favour of those with the biggest holdings. ERNIE (Electronic Random Number Indicator Equipment) was created by the team who built Colossus, the WWII code breaker. The first ERNIE used neon tubes to generate random numbers and took a full 10 days to complete a Premium Bonds draw!🖥️ In the past five years, 94% of Premium Bond jackpot winners held over £10,000, while three quarters (75%) held over £25,000. In 2024, 88% of Premium Bond prize winners took home less than £2,000 and just 0.32% of all winners won more than £10,000. Less than a fifth of UK adults (19%) believe they could generate better long-term results elsewhere, while the same proportion don't understand how Premium Bonds work - indicating a limited understanding of the saving product's actual value. Over £4.25 billion has been held in Premium Bond accounts that have had no activity in the past decade - earning zero interest. Ruth Handcock, CEO of Octopus Money says: 'While products like Premium Bonds may work well for some, others are missing out on strategies that could grow their wealth and deliver stronger returns over time. Recommended reading: Martin Lewis on the £20,000 cash rumoured ISA changes The banking rule changes that could see millions lose high-interest accounts Food prices rocket as inflation leaves shoppers counting the pennies "Premium Bonds are unlikely to outpace inflation, so your money may seem 'safe' but it's quietly shrinking in value over time. "The truth is that millions of people could be getting more from their money, but they need access to affordable, personalised advice to help them figure out what's right for them - something that only 9% of people in the UK currently receive. "Without it, they stick with what feels familiar or they're left in financial limbo, unsure how to take that first step.'


The Herald Scotland
an hour ago
- The Herald Scotland
Is it time to ditch your Premium Bonds and bank your money?
New figures obtained via a Freedom of Information (FOI) request to NS&I show that Premium Bond holders are waiting 3.5 years to win a prize, and when they do win, 9 out of 10 walk away with less than £2,000. The vast majority of jackpots go to those holding over £25,000, making this savings product far less rewarding than putting the money into the bank with a high-interest account. Why do so many people give children Premium Bonds? Premium Bonds are only a decent bet if - You've a big whack in, say £10,000+ - & you pay tax on savings interest Most kids have/do neither. With £1,000 in over a year with typical (median average) luck you'll win nothing — Martin Lewis (@MartinSLewis) December 10, 2024 That's before bond holders factor in the cuts in the prize pot in recent months, with fewer big wins to go round. How many Premium Bonds winners are there each month? There will be an estimated 75 prizes of £100,000 for future draws, down from 79. Meanwhile, the number of £50,000 prizes will be reduced to 151 from 159. The number of £25,000 prizes will fall to 302 from 317, and £10,000 prizes to 754 from 792. However, the number of £1 million prizes will remain the same, at two. The number of £25 prizes is also set to increase for August's draw, with an estimated 2.56 million available, up from 2.19 million. How many people have Premium Bonds? Premium Bonds have become a national savings staple, with more than 24 million people holding over £130 billion in total. A survey of 2,000 UK adults by Octopus Money reveals the main reason for investing in Premium Bonds is the perceived lack of risk in losing the initial investment, followed by the tax-free status of a win and the possibility of a large return. While Premium Bonds do offer the chance of winning prizes, the analysis suggests Britain's favourite savings product is failing to deliver real value for everyday savers - most never win anything at all and the odds are highly skewed in favour of those with the biggest holdings. ERNIE (Electronic Random Number Indicator Equipment) was created by the team who built Colossus, the WWII code breaker. The first ERNIE used neon tubes to generate random numbers and took a full 10 days to complete a Premium Bonds draw!🖥️ — nsandi (@nsandi) June 18, 2025 In the past five years, 94% of Premium Bond jackpot winners held over £10,000, while three quarters (75%) held over £25,000. In 2024, 88% of Premium Bond prize winners took home less than £2,000 and just 0.32% of all winners won more than £10,000. Less than a fifth of UK adults (19%) believe they could generate better long-term results elsewhere, while the same proportion don't understand how Premium Bonds work - indicating a limited understanding of the saving product's actual value. Over £4.25 billion has been held in Premium Bond accounts that have had no activity in the past decade - earning zero interest. Ruth Handcock, CEO of Octopus Money says: 'While products like Premium Bonds may work well for some, others are missing out on strategies that could grow their wealth and deliver stronger returns over time. Recommended reading: "Premium Bonds are unlikely to outpace inflation, so your money may seem 'safe' but it's quietly shrinking in value over time. "The truth is that millions of people could be getting more from their money, but they need access to affordable, personalised advice to help them figure out what's right for them - something that only 9% of people in the UK currently receive. "Without it, they stick with what feels familiar or they're left in financial limbo, unsure how to take that first step.'