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Matthew is an award-winning journalist, specialising in savings, tax and insurance.
Two premium bond holders have each won £1m in April's National Savings & Investments (NS&I) prize draw.
The jackpot winners are from Hampshire & The Isle of Wight and Surrey, and 71 other winners were picked for the next-best prize of £100,000.
If you didn't become a millionaire this month, you may still have struck it lucky with a smaller prize. You can check whether your numbers came up by using our table.
This is the first draw since it was revealed that NS&I could owe families up to £476m after errors affected around 37,500 bereavement cases.
The first winning bond (511HH360429) was bought by a lucky winner living in Hampshire & The Isle of Wight and is part of a total holding of £50,000. The winning bond was bought in August 2022.
The second winner, from Surrey, bought their bond (519FV988513) in November 2022. They also have a total holding of £50,000.
Which? is sent the details of the premium bond jackpot winners, alongside the prize draw data, the day before full results are made available to all premium bond holders via the app and online.
You can use our tables below to check whether you've won a prize worth £1,000 or more. You can either search by region or by entering your premium bond numbers.
These tables contain a lot of information, so the numbers may take a bit longer to load:
Source: NS&I
Source: NS&I
There were 5,951,866 premium bond prizes paid out in the April 2026 draw, worth a total of £376,455,425. There were 71 prizes worth £100,000, but plenty of smaller cash rewards were also up for grabs – 5,934,167 were worth £500 or less.
From April's draw, however, the prize fund rate dropped from 3.6% to 3.3%. As a result, there were 269,455 fewer prizes up for grabs. It's the first time the prize fund rate has been cut since August 2025.
The odds of winning any prize are currently 23,000:1. All £1 bonds that enter the prize draw each month have an equal chance of being picked.
To understand what this really means for premium bond holders, it's important to explain what is meant by 'odds'.
In the case of premium bonds, 23,000:1 indicates that for every 23,000 attempts, one is expected to succeed – assuming each attempt is independent of the other. In short, your chances are pretty slim and, in an average month, a typical bondholder is likely to win nothing at all.
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Some people believe that having newer bonds makes you luckier. Although it’s true that recent bonds win more often, that’s simply because there are more of them in circulation.
Sales surged after the top prize rose to £1m in 1994, and low interest rates have encouraged more people to put their money into premium bonds instead of other savings products. Two increases to the prize fund rate in 2022 may also have prompted more purchases.
Older bond numbers are more likely to have already been picked as jackpot winners, as they’ve been entered into more draws over the years.
Ultimately, there’s only one guaranteed way to boost your chances: buy more bonds. The more you invest, the greater your odds of taking home a prize.
Last week, it was revealed that NS&I is expected to pay back hundreds of millions of pounds to the families of customers who have died.
This follows an error in processing bereavement claims that failed to identify all NS&I products linked to some customers. Around 37,500 bereavement cases are thought to be affected, with missing payments estimated to total up to £476m.
This meant that some savings and premium bond prizes were not paid out or were delayed, leaving families waiting for money owed to estates.
NS&I has confirmed it will publish a delivery plan in May, detailing how it will proactively contact affected estates and how they will be 'appropriately compensated'.
The chance of each £1 bond winning a prize of any value in the monthly draw is currently one in 23,000. Savings and Isa accounts, on the other hand, offer guaranteed interest on your deposits.
Many savings products allow you to open with less than £1,000, so they might be a better option for people who don't have a huge lump sum to invest.
This table shows the top rates for fixed-term and instant-access cash Isas and savings accounts. Results are ordered by term and exclude products that impose restrictions on opening or withdrawals.
| Instant access | Cahoot | 5% (a) | n/a | £1 | Internet | Monthly, yearly |
| Instant access cash Isa | Plum | 4.57% | 0.73 | £1 | Mobile app | Monthly |
| One-year fixed rate | RECOMMENDED PROVIDER Kent Reliance | 4.51% | 0.74 | £1,000 | Internet | Monthly, yearly |
| One-year fixed rate cash Isa | Bath Buliding Society | 4.4% | n/a | £1 | Branch, internet, mobile app | On maturity |
| Two-year fixed rate | RECOMMENDED PROVIDER Kent Reliance | 4.51% | 0.74 | £1,000 | Internet | Monthly, yearly |
| Two-year fixed rate cash Isa | RECOMMENDED PROVIDER Kent Reliance | 4.45% | 0.74 | £1,000 | Branch, internet | Monthly, yearly |
| Three-year fixed rate | RECOMMENDED PROVIDER Kent Reliance | 4.51% | 0.74 | £1,000 | Internet | Monthly, yearly |
| Three-year fixed rate cash Isa | Nationwide | 4.5% | 0.77 | £1 | Branch, internet, mobile app | Anniversary |
| Four-year fixed rate | Cynergy Bank | 4.25% | n/a | £1,000 | Internet | Yearly |
| Four-year fixed rate cash Isa | UBL UK | 3.91% | n/a | £2,000 | Branch, internet, mobile app, postal | Monthly, quarterly, anniversary, on maturity |
| Five-year fixed rate | Market Harborough Building Society | 4.6% | n/a | £5,000 | Branch, internet | Monthly |
| Five-year fixed rate cash Isa | Leek Building Society | 4.6% | n/a | £1,000 | Branch, internet, postal | Anniversary |
Table notes: rates sourced from Moneyfacts on 1 April 2026. (a) 5% AER on balances up to £3,000 for 12 months, after which funds transfer to a Cahoot Savings Account at 1%. Provider customer score is based on savers' overall satisfaction with the brand and how likely they are to recommend it to others. n/a means the sample size was too small for us to generate a provider score.
Find the right savings account for you using the service provided by Experian Ltd
Compare and chooseNS&I does offer a range of savings and Isa accounts. However, its top rates tend to be lower than those offered by competitors.
One of the main advantages of NS&I, however, is that funds are backed by HM Treasury, so your money has 100% security.
Other banks and building societies are covered by the Financial Services Compensation Scheme (FSCS), up to £120,000 per person, per institution (meaning some brands share protection).
With NS&I you’re fully protected up to the maximum deposit limit on the account. For the Direct Saver instant-access account, that’s up to £2m.
