National Savings and Investment (NS&I) has confirmed which two lucky winners have become the UK's newest millionaires after scooping the top prize in their Premium Bond draw for April 2025.
Unlike regular savings accounts, bond holders do not receive additional interest but are instead enrolled into a prize draw to have the opportunity to win tax-free prizes of up to £1million.
April's competition marked the first prize draw since the fund rate was reduced from 4 per cent to 3.8 per cent.
Who won the £1million Premium Bonds prize?
Every month, two lucky individuals receive the top prize amount of £1million from NS&I's lottery.
The first £1million Premium Bonds winner this month is from South Yorkshire. They had the Winning Bond number 494WG724922.
NS&I has announced April 2025 premium bonds winners
GETTY | NS&IThe Bond value purchased was £20,000 in March 2022. This winner had an overall holding of £43,165.
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Joining this millionaire is the second prize winner from Hertfordshire with Bond number 418AW560890.
The winner has an overall holding of £50,000 with a winning bond worth £30,000 purchased in October 2020.
Savers can find some details about the high value winners on NS&I's website now, and the Premium Bonds prize checker will be updated tomorrow.
LATEST DEVELOPMENTS:
How many prizes are up for grabs in the April 2025 draw?
- £1million - 2
- £100,000 - 71
- £50,000 - 141
- £25,000 - 284
- £10,000 - 590
- £5,000 - 1,177
- £1,000 - 12,573
- £500 - 37,719
- £100 - 1,280,509
- £50 - 1,280,509
- £25 - 2,376,161
For those looking to build a savings habit in 2025, Premium Bonds offer an accessible way to start.
With a minimum investment of £25, each £1 Bond is entered into a monthly draw where savers have the chance to win tax-free prizes ranging from £25 to £1million.
NS&I has unveiled two new Premium Bonds millionairesNS&I;Checking prizes
Premium Bonds holders can check if they’ve won a prize in the March draw from Tuesday, March 4, by visiting the NS&I website, using the prize checker app, or asking Alexa.
To check for prizes using the NS&I website, Bond holders will need their Premium Bonds holder’s number. For the app, either a Premium Bonds holder's number or an NS&I number will work. People can also check for unclaimed prizes.
Beginning this month, the prize fund has been reduced from four per cent to 3.8 per cent.
The odds of winning will remain the same at 22,000 to 1.
Announcing the change back in February, Andrew Westhead, NS&I Retail Director, said: "Even with the change to the Premium Bonds prize fund rate, we are expecting more than 5.9 million tax-free prizes worth over £411million to be won in the April 2025 draw."
