National Savings and Investment (NS&I) has announced the winners of the March 2025 Premium Bonds draw, with two individuals waking up millionaires. The first huge win goes to a resident of Cumbria, who bagged £1 million with the winning bond number 408VD714629. This winning bond was valued at £35,000 and was purchased back in August 2020, contributing to the winner's total bond holding of £35,000.
The second £1 million prize winner of the month is from Cleveland. This winner purchased their winning bond, numbered 540HZ735699, for just £100 in May 2023. Their total bond holding also stands at £100, making this win particularly remarkable for such a small investment.
Aside from the two grand prize winners, NS&I conducted its monthly prize draw, which saw over 71 lucky individuals winning the second prize of £100,000 and another 141 claiming prizes of £50,000. For March 2025, the detailed breakdown of prizes awarded was as follows:
- £1 million: 2 winners
- £100,000: 71 winners
- £50,000: 141 winners
- £25,000: 284 winners
- £10,000: 590 winners
- £5,000: 1,177 winners
- £1,000: 12,573 winners
- £500: 37,719 winners
- £100: 1,280,509 winners
- £50: 1,280,509 winners
- £25: 2,376,161 winners
If you think you might be one of March's winners, checking your Premium Bonds status is simple. You can use the NS&I website or the prestigious Premium Bonds app to verify if you’ve won. To do this, you will need your holder’s number, which you can locate on your bond record or any previous communication from NS&I.
Premium Bonds, representing the UK’s biggest savings product, account for over 24 million customers, with total savings exceeding £122 billion, according to Money Saving Expert. Unlike traditional savings accounts, Premium Bonds don’t pay interest on the deposited amount; instead, holders are automatically entered for the monthly draws where they can win tax-free amounts ranging from £25 to £1 million.
Martin Lewis has commented on the value of Premium Bonds for savers. The cash prize draw conducted every month not only offers considerable jackpots but serves as an intriguing saving option for those who prefer the thrill of potentially winning cash rather than receiving fixed interest on their savings.
For those unfamiliar with how Premium Bonds works: every £1 invested buys one bond number, and the minimum amount you can invest is £25, with the maximum cap at £50,000. Each month, the bond numbers are entered randomly for cash prizes, so there’s no guaranteed return on the investment. The thrill lies entirely within the chance of winning.
Looking forward, it is worth noting there are adjustments to the Premium Bonds prize fund rate coming from April 2025, which may affect future winnings. This leads to increased attention on the value of Premium Bonds as people weigh their options for saving and investing.
So, did you check your statistics yet? Whether you’ve merely purchased bonds or are considering jumping on the bandwagon, it is always worth the time to verify your holder’s information and check for potential wins!