Two UK savers win £1m each in October 2025 Premium Bonds draw

Two UK savers have each won 1 million pounds in the October 2025 Premium Bonds draw, National Savings and Investments said, with winners located in Scotland and Greater Manchester. The results for the monthly draw were published on 1 October 2025.

The Scottish winner holds 10,150 pounds in Premium Bonds and won with bond number 498FZ511907, which was purchased in April 2022. The Greater Manchester winner holds 34,350 pounds and won with bond number 524KB804512, bought in January 2023. Winners are notified directly by NS&I by email or text and can choose to have prizes paid into a bank account or reinvested in Premium Bonds.

Premium Bonds are a government-backed savings product in which each pound invested equals one bond entered into a monthly prize draw rather than earning interest. Prizes are tax-free and range from 25 pounds to the top jackpot of 1 million. The random selection of winners is carried out by ERNIE, the Electronic Random Number Indicator Equipment. The odds of any individual bond winning in a given month are roughly 22,000 to 1. Holders can buy bonds from 25 pounds up to a maximum of 50,000 pounds and can cash in all or part of their holdings at any time.