Who was the winner of the May Premium Bonds prize draw's £1 million jackpot?

The winners of the May Premium Bonds prize draw have been revealed by NS&I

Who was the winner of the 1 million jackpot, and how can you tell if you won this month?

Millions of people have won smaller prizes from the May Premium Bonds prize draw, and two savers have become overnight millionaires.

Derbyshire and Suffolk are home to this month's new Premium Bonds millionaires.

The lucky holder of bond 462DR240519, who has a total of 25,361 held in Premium Bonds, is the Derbyshire winner. In July 2021, the winning bond was purchased.

In the meantime, the Suffolk winner owns 35,000 Premium Bonds with bond number 300ZZ346515. In April 2017, this winner purchased their millionaire bond.

Agent Million, an anonymous NS&I employee who visits jackpot winners across the nation to inform Premium Bonds winners of their newfound wealth, will have paid them a visit.

New millionaires haven't just been created by the prize draw. This month's draw had over 5.9 million in prizes. Other prize amounts, in addition to the jackpot, varied from £25 to £100,000.

NS&I reduced the prize rate for the fourth consecutive month in March, and the prize fund rate for May's draw was 3 percent for the second month.

NS&I uses the prize fund rate, which is the average rate of return for a person with average luck, as a benchmark to decide how many prizes should be awarded each month.

The odds of winning in the May prize draw were still 22,000 to 1 for each bond.

Premium Bonds winners for May 2025.

In May, 5,941,150 Premium Bond prizes totaling 413,900,125 were awarded.

The two jackpot winners and the 2,915 people who won between 5,000 and 100,000 from NS&I this month are included in this.

In the meantime, there were 5,938,233 smaller prizes total, with values ranging from 25 to 1,000.

The source is NS&I.

How to determine whether you are the winner of the May NS&I Premium Bonds.

You can check tomorrow, May 2, to see if you have won any Premium Bonds prizes.

You can do this by using the NS&I app (available on iOS and Android) or the online NS&I prize checker tool; just make sure you have your Premium Bonds number on hand. You can also check your winnings from past draws with this tool.

Additionally, you can check winnings dating back to 1986 with an Amazon Alexa.

Another option is to send a letter to NS&I at NS&I, Sunderland SR43 2SB.

Included is crucial.

Your name, present address, premium bond number, and any prior addresses where you may have registered bonds Your signature You can also call NS&I at 08085 007 007 for free, but you can only use this method if you are already enrolled in NS&I's phone or online banking.

It's worthwhile to see if you haven't claimed any prizes in your long-term Premium Bond investments. 2,547,426 prizes totaling more than 97 million have not been claimed, according to NS&I.

If you have an unclaimed Premium Bond from the 1950s, it is still worthwhile to check because the prizes do not expire.

How will I get paid for winning my Premium Bonds?

You had to specify how you wanted any Premium Bonds winnings to be paid out when you first opened your account with NS&I. You will receive your cash prize straight into your bank account if you chose automatic payments. You also had the option of investing your winnings back into Premium Bonds.

More than 90% of prizes are automatically reinvested or deposited into winners' bank accounts, according to NS&I.

You'll get a check if you didn't choose automatic payment or reinvestment. You should confirm that your address has been updated if you have moved since purchasing your Premium Bonds.

Through the NS&I website, you can modify your payment method.

We examine some other savings prize draws available on the market in our guide to Premium Bonds alternatives.

Are Premium Bonds a good investment?

According to recent data from AJ Bell, 63 percent of Premium Bonds holders have never won a prize, despite the fact that millions of holders have won at least 25 in the May prize draw.

Over 51.1 million holders of Premium Bonds received prizes between March 2024 and February 2025, but an additional 14.4 million holders never received any money, according to the data.

Those who invest heavily in the savings vehicle make up the great majority of Premium Bonds winners. The average holding of all Premium Bonds holders was 5,406, while the average holding of those who won was 23,397, according to the analysis.

Premium Bonds, on the other hand, continue to be a well-liked savings option because the government does not impose taxes on any winnings from prize draws, enabling savers to minimize the tax they must pay on their savings.

Additionally, many people invest their money in Premium Bonds because they are enticed by the prospect of receiving an unexpected visit from Agent Million.