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premium bond prizes, The owner of Premium bonds started the new year with a bang after winning the biggest prize on offer in the first attempt.
One of the coveted £1 million jackpot prizes has been won by a saver in Gloucestershire who has a maximum of £50,000.
It was true beginner’s luck for this winner, who purchased their winning bond in November 2024. The January drawing was the first drawing for which their bond was eligible.
The other winner of the £1 million prize was in Liverpool and had a share of £37,025. They bought their winning bond in March 2022.
Other lucky winners won big prizes with small stakes in the first Premium Bonds prize draw of the year.
Beginner’s luck: Gloucestershire-based Premium Bond holder wins £1m prize in first draw for his bond
One winner from Cornwall won £50,000 with a stake of just £100. They bought their winning bond in March 2011.
Meanwhile, another Premium Bond holder based in North East Scotland also won £50,000 with a share of £250 from a bond bought in December 2013.
The odds of winning at least £50,000 with a stake of £100 are one in 4.7 million, while the odds of winning this prize with a stake of £250 are 1.8 million to one, This is Money analysis reveals.
The average value of the £50,000 prize winners in this month’s draw was £37,851.
A total of 5.9 million prizes worth £429 million were drawn in the January 2025 prize draw.
Winners of premium bonds
| Reward | Surface | Bond value |
| 1,000,000 pounds | Liverpool | 18,025 pounds |
| 1,000,000 pounds | Gloucestershire | 17,480 pounds |
| 100,000 pounds | South West Wales | 49,000 pounds |
| 100,000 pounds | Inner London | £10,000 |
| 100,000 pounds | South Yorkshire | 5000 pounds |
| 100,000 pounds | Inner London | 15,000 pounds |
| 100,000 pounds | North Yorkshire | 20 thousand pounds |
| 100,000 pounds | Wales | £10,000 |
In this month’s draw, the Premium Bonds prize fund rate – which represents the average return a Premium Bonds depositor would receive over a year – was 4 per cent. It was cut to 4.15 percent in November.
A month before that, NS&I cut the prize pool rate from 4.4 percent to 4.15 percent.
Two successive rate cuts mean the odds of winning the Premium Bonds prize are now 22,000 to one. They were 21,000 to one in the November 2024 draw.
Andrew Westhead, Retail Director of NS&I, said: ‘We are delighted to open 2025 with the creation of our first Premium Bonds Millionaire of the Year in Liverpool and Gloucestershire.’
