National Savings and Investments (NS&I) has revealed the first Premium Bonds winners for the New Year with the Government-backed bank publishing the winning bond numbers for January 2026.
While normal savings accounts accrue interest rate, savers who buy Premium Bonds are enrolled in monthly cash prize draw which could see them win up to £1million if they are lucky.
Only two individuals take home the jackpot £1million lump sum, however, bondholders can still win large amounts of up to £10,000, £50,000, £100,000 and £500,000.
The first January 2026 Premium Bonds winner is from Suffolk and has the winning bond number 570QM451332, which was purchased in February 2024.
Who is winning the Premium Bonds £1million lottery for January 2026?
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GETTY / NS&I
This bond is valued at £10,000 with the winner’s overall Premium Bonds holding coming to £50,000.
January 2026’s second Premium Bond winner is from Berkshire and has the winning bond number 377PG290829.
Their winning bond is also valued at £10,000, but was purchased in December 2019, with their overall Premium Bonds holding 377PG290829.
Analysts note that Britons have the opportunity to “win big” with Premium Bonds but need to be patient in order to see a return on their investment.
Tom Francis, the head of Digital Advice at Octopus Money, said, “Premium Bonds give you a chance to win big – but it’s a slim one, and you’ll likely be left waiting.
“Our research shows Premium Bond holders wait an average of 3.5 years before they win a penny, and the odds are skewed towards those with the biggest holdings: 94 per cent of jackpot winners held over £10,000.
“For the vast majority of everyday savers, they are failing to deliver returns while the money loses value to inflation.
“Even I’ve been tempted by the thrill of a prize draw, but if you have failed to win month after month, it might be time to think about where else you could put your money to make it work harder for you.
“Cash ISAs deliver reliable returns, while for many a Stocks and Share ISA can be a great first step into investing.”
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