Two lucky savers became millionaires overnight after winning the £1 million jackpot in the May 2026 Premium Bonds draw. This exciting cash lottery, managed by NS&I, continues to attract interest from savers across the UK.
The winners hail from Suffolk and the Scottish Highlands and Islands. The first winner, with bond number 567VN857011, purchased their bonds in January 2024. The second winner, holding bond number 643SE292364, bought theirs in September 2025.
This month’s draw distributed a staggering 5,947,523 prizes, totaling a remarkable £376,180,825. Among these were 17,682 prizes worth between £1,000 and £100,000.
The odds of winning any prize stand at approximately 23,000 to 1 for each £1 saved in Premium Bonds. With a prize fund rate of 3.3%, many savers view this as an appealing alternative to traditional savings accounts.
Since its inception in 1957, over 99% of prizes have been paid to winners, underscoring the reliability of this cash lottery system. Winners can check their results starting from May 2 using the Premium Bonds prize checker app or on the NS&I website.
The excitement surrounding these draws reflects a broader trend in personal finance where many are looking for ways to make their savings work harder for them. As more people consider investing in Premium Bonds, stories like these will likely inspire others to join in.
