Following the January prize draw, two fortunate holders of premium bonds will begin 2025 with an extra £1 million.
A win in the premium bonds draw could be the ideal way to start the new year after the expenditure of Christmas. National Savings and Investment (NS&I) offers premium bonds, an investment product that is marketed as a “fun way to save” with the potential to earn tax-free rewards.
Holders of NS&I premium bonds participate in a lottery every month for a chance to win rewards worth between £25 and £1 million. If holders have a winning start to the year, they should know by early January.
There are other minor, tax-free prizes up for grabs, but the £1 million jackpot reward would more than cover Christmas spending for two lucky winners.
When is the January 2025 premium bond prize draw?
On Friday, January 3, the results of the first premium bond draw for 2025 will be made public.
Ernie is a random-number generator that produces winning numbers. Each £1 bond has an equal chance of winning and is entered into the prize draw.
But your chances of winning increase with the number of bonds you purchase. The monthly prize draw now has odds of 22,000 to 1 for every £1 bond. You can purchase bonds for as little as £25 and as much as £50,000.
What is the monthly number of winners?
With over 5.7 million prizes up for grabs, including two £1 million prizes and over 1.8 million £25 prizes, the January 2025 Premium Bonds draw is anticipated to have a prize total of over £422 million. In terms of the winners, there will be:
- 2× £1 million.
- 806 x £10,000
- 322 x £25,000
- 160 x £50,000
- 81 x £100,000
- 1,610 × £5,000
- 50,709 x £500
- 16,903 x £1,000
- 1,957,790 × £100
- 1,776.556 x £25
- 1,957,790 x £50.
How can I find out if I’ve been awarded premium bonds?
You can use the NSI website checker to enter your bond numbers and see if you have won a prize. Using the NS&I prize checker online at nsandi.com is among the simplest methods.
The same information is also available on the NSI app, which is available for free download on Google Play for Android or the Apple App Store. On your phone, you may also download the official prize checker app, which is compatible with iOS and Android. You will need your NS&I number and Premium Bond Holder number on hand for both.
Additionally, you may program your Amazon Alexa to tell you what you won in the most recent prize drawing. Along with any information about future draws it will also tell you how much you won.
Additionally, you can use Alexa to find out if you have any unclaimed Premium Bond winnings since July 1968. You must download the Alexa app and enable the NS&I Premium Bonds reward checker skill to accomplish this.
How will my NS&I prize be paid?
According to NS&I, the majority of prizes are either reinvested into Premium Bonds or paid automatically into your bank account. You can verify that your automatic payments are configured on the NS&I website.
