NSI Premium Bonds May 2026 Draw Creates 2 Millionaires

National Savings and Investments (NSI) announced the results of the May 2026 Premium Bonds prize draw on Saturday, creating two new millionaires among its more than 24 million holders who have invested around 127 billion pounds in the government-backed savings product.

The first 1 million pound jackpot went to a holder from Suffolk with the maximum investment of 50,000 pounds. Their winning bond, number 567VN857011, was purchased in January 2024. The second top prize was claimed by a saver from the Highlands and Islands region, who held 23,500 pounds in bonds. That winner's bond, number 643SE292364, was bought in September 2025.

Unlike traditional savings accounts, Premium Bonds do not pay interest. Instead, every pound invested generates a unique bond number entered into a monthly prize draw conducted by the random number generator ERNIE, or Electronic Random Number Indicator Equipment. Prizes range from 25 pounds to 1 million pounds, with two jackpots awarded each month and millions of smaller prizes distributed to ensure broad participation. The odds of any single pound winning a prize are approximately 22,000 to 1. The minimum investment is 25 pounds, and the maximum is...