In May 2026’s Premium Bonds prize draw, two lucky savers became millionaires overnight, with one winner from Suffolk and another from the Highlands and Islands. This event occurred against the backdrop of a recent scandal impacting bereaved families’ access to their funds.
The first £1 million winner hails from Suffolk, holding bond number 567VN857011, purchased in January 2024. The second winner, from the Highlands and Islands, holds bond number 643SE292364, acquired in September 2025.
Across the country, the total amount won during May’s draw reached £1,819,000. A staggering 5,947,523 prizes were drawn this month, amounting to a collective value of £376,180,825.
The odds of winning any prize with Premium Bonds stood at approximately 23,000 to 1 for each £1 saved. Although Premium Bonds do not earn interest like traditional savings accounts, they offer a unique cash lottery experience that attracts many savers.
Despite the excitement surrounding the jackpot winners, NS&I has faced significant criticism due to its handling of bereaved families’ access to funds. Reports indicate that around 37,500 individuals experienced delays in accessing their Premium Bonds.
Andrew Westhead from NS&I stated that “the quickest way to check if you have won a prize is to use our Premium Bonds prize checker app or even ask Alexa.” Results can be verified starting from the second working day of each month.
Dan Coatsworth emphasized that trust is crucial in financial services. He noted that operational failures could lead savers to view NS&I less favorably. This sentiment may impact future participation in the cash lottery.
The winners will soon be visited by Agent Million—an anonymous NS&I employee who delivers news of their newfound wealth personally. This tradition adds a personal touch to the experience for jackpot winners.
Over the years since its inception in 1957, over 99% of prizes have been paid out to winners. However, millions of unclaimed Premium Bonds prizes remain outstanding.
