National Savings and Investment (NS&I) has revealed the lucky winners for July 2025’s Premium Bonds prize draw, with two savers taking home the £1million jackpot.
Unlike traditional savings accounts, Premium Bonds do not accrue interest in a traditional way with bond holders enrolled in a monthly prize draw.
Customers are given the opportunity to win up to £1million through the prize draw with other cash prizes of up to £100,000, £50,000 and £25,000 also up for grabs.
Smaller cash prizes are also available through the NS&I product, however Premium Bonds has become well known for the jackpot prize worth £1million.
Who won July’s £1million prize?
The first winner is from Norwich. They had winning bond number 224LR913240, which was purchased for £10,000 in June 2014.
In total, they held £50,000 in Premium Bonds.
The second winner is from Nottingham, and they had winning bond number 83EP714276. They purchased this for £1,000 in October 1997.
The Premium Bonds winners for July 2025 have been announced
GETTY/NS&I;
Individuals can hold up to £50,000 in Premium Bonds, including those aged under 16.
Premium Bonds offer the security of being 100 per cent backed by HM Treasury, alongside the excitement of potentially winning tax-free prizes.
Nine out of ten prizes are paid directly into the holder’s nominated bank account or automatically reinvested into Premium Bonds to go into the next draw.
New Premium Bonds purchases need to be held for one full calendar month before being entered into the monthly prize draw.
This latest draw follows NS&I’s latest announcement that the Premium Bonds prize fund rate will be cut within months.
The prize fund rate will be reduced from 3.8 per cent to 3.6 per cent from the August 2025 prize draw.
The change means there will be fewer high-value tax-free prizes available however, the odds of winning stay the same.
Andrew Westhead, NS&I Retail Director, said: “This adjustment to the Premium Bonds prize fund rate – the first in four months – reflects the changing landscape for savings.
“Premium Bonds maintain their unique appeal by offering complete security backed by HM Treasury, the flexibility to withdraw easily, and the excitement of potentially winning a tax-free prize each month.
“The August draw is expected to deliver more than 6 million tax-free prizes worth over £396 million.
“By making this adjustment now, we’re able to continue to balance the interests of savers, taxpayers and the stability of the broader financial services sector.”
Premium bonds: 82 people won the £100,000 prize in July’s prize draw
GETTY
Here is a full breakdown of how many people have won a Premium Bonds prize in July 2025, and how much they are taking home this month:
- £1million – 2
- £100,000 – 82
- £50,000 – 163
- £25,000 – 328
- £10,000 – 818
- £5,000 – 1,636
- £1,000 – 17,163
- £500 – 51,489
- £100 – 1,987,844
- £50 – 1,987,844
- £25 – 1,803,871