Have you won a premium bond prize in December 2025?

Two lucky premium bond holders have each won £1m in December's National Savings & Investments (NS&I) prize draw.

The jackpot winners are from Norwich and Cornwall, while 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.

December's premium bond winners

The first winning bond (591RD417238) was bought by a lucky winner living in Norwich and is part of a total holding of £35,000. The winning bond was bought in August 2024. 

The second winner, from Cornwall, bought their bond (615WP633178) in February. They have a total holding of £20,000. 

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 if 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

Prizes worth between £1,000 and £5,000

There were 6,119,325 premium bond prizes paid out in the December 2025 draw, worth a total of £403,875,350. 

There were 77 prizes worth £100,000, but plenty of smaller cash rewards were also up for grabs – 6,100,328 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 to one, 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-to-one 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?

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Are there ways to improve your chances?

Some people believe that having newer bonds makes you luckier. While 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.

Account type	Provider	Interest rate (AER)	Provider customer score	Minimum investment	Opening methods	Interest paid
Instant access	Cahoot (a)	5%	61%	£1	Internet	Monthly, yearly
Instant access cash Isa	Plum	4.49%	n/a	£1	Mobile app	Monthly
One-year fixed rate	Investec Save	4.5%	n/a	£5,000	Internet	On maturity
One-year fixed rate cash Isa	Investec Save	4.3%	n/a	£1,000	Internet	On maturity
Two-year fixed rate	FirstSave	4.45%	n/a	£1,000	Internet	Monthly, yearly
Two-year fixed rate cash Isa	Secure Trust Bank	4.17%	n/a	£1,000	Internet	Yearly
Three-year fixed rate	FirstSave	4.25%	n/a	£1,000	Internet	Monthly, yearly
Three-year fixed rate cash Isa	Castle Trust Bank	4.16%	n/a	£1,000	Internet, mobile app	On maturity
Four-year fixed rate	Oxbury Bank	4.32%	n/a	£1,000	Internet	Yearly
Four-year fixed rate cash Isa	UBL UK	4%	n/a	£2,000	Branch, internet, mobile app, postal	Monthly, quarterly, anniversary, on maturity
Five-year fixed rate	Chetwood Bank	4.3%	n/a	£1,000	Internet	Yearly
Five-year fixed rate cash Isa	Castle Trust Bank	4.13%	n/a	£1,000	Internet, mobile app	On maturity

Show all rows

Table notes: rates sourced from Moneyfacts on 01 December 2025. Provider customer score is based on savers' overall satisfaction with the brand and how likely they are to recommend it to others. n/a means sample size was too small for us to generate a provider score (a) Offers 5% AER up to £3,000.

Compare savings accounts

Find the right savings account for you using the service provided by Experian Ltd

Compare and choose

All the top deals offer interest rates higher than the current Consumer Price Index (CPI) rate of inflation of 3.6%. It's important to choose an account with a rate above the current CPI figure, as anything below that means your savings will in effect lose value over time.

But if you have a large lump sum to invest and you don't need access to your cash in a hurry, you might want to consider locking your money away in a fixed-term account.

That's because the rates available right now may not hang around for long. Fixing will guarantee you the same interest rate for the period of the bond. In contrast, providers can adjust interest on a variable-rate account, such as an instant-access account, at any time.

What 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