Over 6.2 Million Premium Bond Prizes Drawn In August – Are They Still Worth Buying?
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The tax-free winnings totalled £433,663,575 and ranged from prizes of £1 up to a £1m jackpot.
Since the first prize draw in June 1957, some 851 million prizes totalling £42.3bn have been drawn.
Premium Bonds are a type of savings account issued by the Treasury-backed National Savings and Investments (NS&I).
The interest is calculated slightly differently and determined by a prize draw. Currently, the annual prize rate is 3.8%.
Bonds cost £1 each and you can hold a minimum of £25 up to a maximum of £50,000. Each month, winning Bond numbers are selected by ERNIE (Electronic Random Number Indicator Equipment) but there’s no guarantee you’ll win.
Who scooped the £1m jackpot in August?
Two Premium Bond holders won the £1m jackpot prize in August.
The first winning Premium Bond number was 664BF890888, held by someone in Kent. They purchased the winning Bond in February 2026 and hold £21,000 worth of Premium Bonds.
They’re the 25th jackpot winner from Kent.
The second jackpot winner, based in Hampshire & the Isle of Wight, held the Bond number 491KF169443.
They purchased their winning Bond in March 2022 and hold £49,850. They’re the 8th person to win the £1m jackpot from the area.
Millions of Premium Bonds left unclaimed
There are almost 3 million unclaimed Premium Bond prizes worth over £125m.
In Kent there are 74,859 unclaimed prizes worth over £3m, including two £50,000 prizes won in August 2023 and November 2007.
Similarly in Hampshire & The Isle of Wight, 80,595 prizes worth over £3.5m haven’t been claimed, including three £25,000 prizes and one £10,000 prize.
To track down an unclaimed prize you can enter the Premium Bondholder’s number into the NS&I online prize checker or on the NS&I app.
Are Premium Bonds Actually worth It?
Although Premium Bonds offer tax-free prizes, the returns aren’t guaranteed, unlike money held in savings accounts or Cash ISAs.
If you don’t need to access your money for around five years or more, investing using a Stocks and Shares ISA could offer the potential to earn higher returns than Premium Bonds too.
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