Premium Bonds do not accrue interest; instead, bondholders are enrolled in a monthly cash lottery. The odds of winning any prize were set at 23,000 to 1 for each £1 saved. This reflects the competitive nature of the prize distribution.

The first winner is based in Suffolk and holds bond number 567VN857011, purchased in January 2024. The second winner hails from the Scottish Highlands and Islands, holding bond number 643SE292364, which was purchased in September 2025.

The May 2026 draw also featured 17,682 prizes worth between £1,000 and £100,000. The smallest prize awarded was £25. Observers note that over 99% of prizes have been paid to winners since the draws began in 1957.

Winners can check their results using the Premium Bonds prize checker app or via the NS&I website starting from May 2. This accessibility allows savers to quickly verify their winnings.

The current prize fund rate stands at 3.3%. This figure indicates how much money is available for distribution among winners each month.

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