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A Premium Bond holder has started the new year with a bang after winning the biggest prize on offer on his first try.
One of the coveted £1 million jackpots was won by a saver from Gloucestershire who owns the maximum £50,000.
It was a true case of beginner’s luck for this winner, who purchased his winning bond in November 2024. The January drawing was the first for which his bond was eligible.
The other winner of the £1 million prize was based in Liverpool and had a stake of £37,025. They bought their winning bond in March 2022.
Other lucky winners scooped big prizes with small shares in the first premium bonus draw of the year.
Beginner’s Luck: Gloucestershire-based premium bond holder scooped £1m prize in first draw of his bond
A winner from Cornwall took home £50,000 with a share of just £100. They bought their winning bond in March 2011.
Meanwhile, another premium bond holder based in the north east of Scotland also made £50,000 from a £250 share of a bond purchased in December 2013.
The odds of winning at least £50,000 with a stake of £100 are one in 4.7 million, while the odds of winning this prize with a stake of £250 are 1.8 million to one, analysis reveals from This is Money.
The average share of £50,000 prize winners in this month’s draw was £37,851.
In the January 2025 prize draw, a total of 5.9 million prizes worth £429 million were drawn.
Premium Bonus Winners
| Prize | Area | Bonus value |
| £1,000,000 | Liverpool | £18,025 |
| £1,000,000 | Gloucestershire | £17,480 |
| £100,000 | South West Wales | £49,000 |
| £100,000 | Inner London | £10,000 |
| £100,000 | South Yorkshire | £5,000 |
| £100,000 | Inner London | £15,000 |
| £100,000 | North Yorkshire | £20,000 |
| £100,000 | Welsh | £10,000 |
More winners from January 2025
In this month’s draw, the Premium Bond prize fund rate, which represents the average return a Premium Bond saver would earn in a year, was 4 per cent. It was reduced from 4.15 percent in November.
A month earlier, NS&I reduced the prize fund rate from 4.4 percent to 4.15 percent.
The two successive rate cuts mean the odds of winning a Premium Bond prize are now 22,000 to one. In the November 2024 draw they stood at 21,000 to one.
Andrew Westhead, retail director at NS&I, said: “We are delighted to kick off 2025 by creating our first millionaire Premium Bonds of the year in Liverpool and Gloucestershire.”
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