The prize draw for NS&I Premium Bonds happens on the first working day of each month, but NS&I don’t release the results until midnight. That means they’re released between the 1st and the 3rd of every month, and bond holders can check them the next day.
Here’s the total list of dates for the rest of 2023, and 2024.
| NS&I Premium Bond prize draw date |
| Friday, 1st December, 2023 |
| Tuesday, 2nd January, 2024 |
| Thursday, 1st February, 2024 |
| Friday, 1st March, 2024 |
| Tuesday, 2nd April, 2024 |
| Wednesday, 1st May, 2024 |
| Monday, 3rd June, 2024 |
| Monday, 1st July, 2024 |
| Thursday, 1st August, 2024 |
| Monday, 2nd September, 2024 |
| Tuesday, 1st October, 2024 |
| Friday, 1st November, 2024 |
| Monday, 2nd December, 2024 |
What happens on the date the prize draw is made?
NS&I release the results at midnight on the day they’re drawn. Bondholders can check their results on the NS&I website using their holder number, and many sites will publish the results first thing in the morning.
Premium Bond prizes range from £25 up to £1 million. If you’re lucky enough to win the big one, you won’t have to wait to check your results. Instead, someone from NS&I will get in contact on the day of the draw.
- Related guide: Compare prize draw accounts to premium bonds
Even though the payments from Premium Bonds are a prize, and not an interest rate, the amount of the total prize pool still moves broadly in line with rates. That means that the total prize pool for these savings accounts has been increasing as the Bank of England has been raising rates.
| Draw Month | Prize fund rate |
| Sep-23 | 4.65% |
| Aug-23 | 4.00% |
| Jul-23 | 3.70% |
| Mar-23 | 3.30% |
| Feb-23 | 3.15% |
| Jan-23 | 3.00% |
| Oct-22 | 2.20% |
| Jun-22 | 1.40% |
| Dec-20 | 1.00% |
| Dec-17 | 1.40% |
| May-17 | 1.15% |
| Jun-16 | 1.25% |
| Aug-14 | 1.35% |
| Aug-13 | 1.30% |
| Oct-09 | 1.50% |
| Apr-09 | 1.00% |
| Dec-08 | 1.80% |
| Nov-08 | 2.85% |
| May-08 | 3.40% |
Premium Bond prize amounts
Here’s an outline of the recent prize amounts on offer, and the changes in the prize fund rate since 2008.
| Prize band | Prize value | August 2023 draw | September 2023 draw |
| Higher value band | £1 million | 2 | 2 |
| £100,000 | 77 | 77 | |
| £50,000 | 154 | 154 | |
| £25,000 | 307 | 309 | |
| £10,000 | 769 | 770 | |
| £5,000 | 1,538 | 1,540 | |
| Medium value band | £1,000 | 16,182 | 16,211 |
| 500 | 48,546 | 48,633 | |
| Lower value band | £100 | 1,874,218 | 1,877,450 |
| £50 | 1,874,218 | 1,877,450 | |
| £25 | 1,700,728 | 1,703,721 | |
| Total prizes | 5,516,739 | 5,526,317 | |
| Total value | £404,560,900 | £405,263,025 |
Do they contact you if you won or do you have to check it yourself?
Yes, NS&I will contact you if you’ve won a Premium Bonds prize. This might be via email or letter, depending on which you’ve selected. With that said, if NS&I don’t have up to date contact information, they might not be able to get hold of you.
That’s why there are currently over 2 million unclaimed prizes worth over £80 million. There’s even two prizes worth £100,000 waiting for their owner.
You can check your results on the NS&I website by entering your bond holder number. That holder number is attached to all the bonds you’ve purchased, even old paper bonds, so you can login and see all your bonds in one place.
If you don’t want to use the online or phone service, you can also write to NS&I to request a record of the bonds you own.
