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Have you won a premium bond prize in January 2026?
Search your NS&I numbers in our premium bond prize checker table
Two lucky premium bond holders have each won £1m in January's National Savings & Investments (NS&I) prize draw.
The jackpot winners are from Suffolk and Berkshire, and 77 other winners were picked for the next-best prize of £100,000.
If you didn't become a millionaire this month, you may still have struck it lucky with a smaller prize. You can check if your numbers came up by using our table.
January's premium bond winners
The first winning bond ( 570QM451332 ) was bought by a lucky winner living in Suffolk and is part of a total holding of £50,000. The winning bond was bought in February 2024.
The second winner, from Berkshire, bought their bond ( 377PG290829 ) in December 2019. They have a total holding of £50,000.
Which? is sent the details of the premium bond jackpot winners, alongside the prize draw data, the day before full results are made available to all premium bond holders via the app and online.
Check if you've won a prize this month
You can use our tables below to check whether you've won a prize worth £1,000 or more. You can either search by region or by entering your premium bond numbers.
These tables contain a lot of information, so the numbers may take a bit longer to load:
Prizes worth between £10,000 and £1m
Source: NS&I
Prizes worth between £1,000 and £5,000
Source: NS&I
There were 6,165,643 premium bond prizes paid out in the January 2026 draw, worth a total of £406,932,450.
There were 77 prizes worth £100,000, but plenty of smaller cash rewards were also up for grabs – 6,146,502 were worth £500 or less.
- Find out more: Best savings accounts 2025
What are the odds of winning?
The odds of winning any prize are currently 22,000:1, and all £1 bonds that enter the prize draw each month have an equal chance of being picked.
To understand what this really means for premium bond holders, it's important to explain what is meant by 'odds'.
In the case of premium bonds, 22,000:1 indicates that for every 22,000 attempts, one is expected to succeed – assuming each attempt is independent of the other. In short, your chances are pretty slim and, in an average month, a typical bond holder is likely to win nothing at all.
- Find out more: Should you get premium bonds?
Are there ways to improve your chances?
Some people believe that having newer bonds makes you luckier. Although it’s true that recent bonds win more often, that’s simply because there are more of them in circulation.
Sales surged after the top prize rose to £1m in 1994, and low interest rates have encouraged more people to put their money into premium bonds instead of other savings products. Two increases to the prize fund rate in 2022 may also have prompted more purchases.
Older bond numbers are more likely to have already been picked as jackpot winners, as they’ve been entered into more draws over the years.
Ultimately, there’s only one guaranteed way to boost your chances: buy more bonds. The more you invest, the greater your odds of taking home a prize.
- Find out more: What is NS&I?
Are you better off with a savings account?
The chance of each £1 bond winning a prize of any value in the monthly draw is a paltry 1 in 22,000. Savings and Isa accounts, on the other hand, offer guaranteed interest on your deposits.
Many savings products allow you to open with less than £1,000, so they might be a better option for people who don't have a huge lump sum to invest.
This table shows the top rates for fixed-term and instant-access cash Isas and savings accounts. Results are ordered by term and exclude products that impose restrictions on opening or withdrawals.
| Instant access | Cahoot | 5% (a) | £1 | Internet | Monthly, yearly |
| Instant access cash Isa | Plum | 4.27% | £1 | Mobile app | Monthly |
| One-year fixed rate | Union Bank of India (UK) Ltd | 4.45% | £5,000 | Internet | On maturity |
| One-year fixed rate cash Isa | Investec Save | 4.3% | £1,000 | Internet | On maturity |
| Two-year fixed rate | Sensible Savings | 4.2% | £5,000 | Internet, postal | On maturity (compounded annually) |
| Two-year fixed rate cash Isa | UBL UK | 4.16% | £2,000 | Branch, internet, mobile app, postal | Monthly, anniversary, on maturity |
| Three-year fixed rate | UBL UK (Raisin exclusive*) | 4.21% | £2,000 | Internet, mobile app | On maturity |
| Three-year fixed rate cash Isa | UBL UK | 4.17% | £2,000 | Branch, internet, mobile app, postal | Monthly, quarterly, anniversary, on maturity |
| Four-year fixed rate | UBL UK (Raisin exclusive*) | 4.26% | £2,000 | Internet, mobile app | On maturity |
| Four-year fixed rate cash Isa | UBL UK | 4% | £2,000 | Branch, internet, mobile app, postal | Monthly, quarterly, anniversary, on maturity |
| Five-year fixed rate | Hampshire Trust Bank | 4.31% | £1 | Internet | Yearly |
| Five-year fixed rate cash Isa | Hampshire Trust Bank | 4.16% | £1 | Internet |
Table notes: rates sourced from Moneyfacts on 5 January 2026. No providers in this table had a sample size large enough for us to generate a provider customer score. (a) 5% AER on balances up to £3,000 for 12 months, after which funds transfer to a Cahoot Savings Account at 1%.
Compare savings accounts
Find the right savings account for you using the service provided by Experian Ltd
Compare and chooseWhat about NS&I savings?
NS&I does offer a range of savings and Isa accounts. However, its top rates tend to be lower than those offered by competitors.
One of the main advantages of NS&I, however, is that funds are backed by HM Treasury, so your money has 100% security.
Other banks and building societies are covered by the Financial Services Compensation Scheme (FSCS), up to £120,000 per person, per institution (meaning some brands share protection).
With NS&I you’re fully protected up to the maximum deposit limit on the account. For the Direct Saver instant-access account, that’s up to £2m.
- Find out more: FSCS and how it protects your savings
