Table of Contents
Christmas came early for hundreds of Premium Bond holders who won big prizes in the December drawing.
The two coveted £1 million jackpots were won by a saver in Kent with the maximum £50,000 and another in Cumbria with a stake of £33,275.
But one lucky saver scooped £100,000, the second-largest prize on offer, with just a £505 share purchased in June 2022.
The winner, based in Essex, saw a return on its investment of 19,702 per cent.
For the December draw, the average share of those who won £100,000 in the National Savings and Investment product was £41,141.
The chance of winning at least £100,000 with a £500 stake is one in 2.7 million, recent analysis by This is Money shows.
Christmas has come early for a Premium Bond holder who won a £100,000 prize with a stake of £505
Meanwhile, another premium bond holder in Barnet took home a £50,000 prize, the third largest tier on offer with a stake of £377.
His winning bond was purchased in May 1977.
One Liverpool-based winner won a £50,000 prize with £535 saved in premium bonds. The winning bond was purchased in September 2023.
The average share of £50,000 prize winners in this month’s draw was £40,813. The odds of winning a £50,000 prize with a £500 entry are 940,000 to one.
In the December 2024 prize draw, a total of 5.8 million prizes worth £442 million were drawn.
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 4.15 per cent. It fell from 4.4 percent in October.
In next month’s draw, the prize fund will fall back to 4 per cent after NS&I announced another cut to the prize fund rate last month.
The two successive cuts mean that the odds of winning a Premium Bonus prize have lengthened from 21,000 to 22,000 to one.
Andrew Westhead, retail director at NS&I, said: ‘Congratulations to our latest Kent and Cumbria premium bond millionaires. What a wonderful early Christmas surprise as the holiday season begins.
Premium Bonus Winners
| Prize | Area | Bonus value |
| £1,000,000 | kent | £49,950 |
| £1,000,000 | cumbria | £10,000 |
| £100,000 | kent | £50,000 |
| £100,000 | Croydon | £5,000 |
| £100,000 | Northern Ireland | £10,000 |
| £100,000 | Wiltshire | £49,999 |
| £100,000 | West Midlands | £50,000 |
| £100,000 | Essex | £32,420 |
More winners from December 2024
SAVE MONEY, MAKE MONEY
1% refund
1% refund
About debit card expenses. Maximum £15 per month*
Energy bills
Energy bills
Find out if you could save with a fixed rate
free stock offer
free share offer
No account fee and free stock trading
4.5% Isa 1 year
4.5% Isa 1 year
Hampshire confident of Hargreaves Lansdown
Sip Rate Offer
Sip Rate Offer
Get six months free on a Sipp
Affiliate links: If you purchase a This is Money product you may earn a commission. These offers are chosen by our editorial team as we think they are worth highlighting. This does not affect our editorial independence. *Chase: Refund available during the first year. Exceptions apply. Over 18 years of age, resident in the United Kingdom.