NS&I August Premium Bonds draw - check for prizes now

(Image credit: Getty Images)

published 2 August 2023

You can find out if you are a National Savings and Investmentwinner in the August Premium Bonds draw. With prizes ranging from £25 to a £1m jackpot, how much did you win?

The monthly draw from the Treasury-backed NS&I is one of the most popular ways of saving and has handed out a whopping £26.8bn in prizes since the first draw in 1957.

August’s prize draw saw over £404m in prizes handed out through 5,516,739 individual winning numbers, with lucky bondholders finding out this morning whether they’ve won - and just how much they are set to receive.

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But the two lucky people who have each won £1 million will likely already know who they are, having received a knock at the door from the elusive Agent Million.

Have you won in August’s NS&I Premium Bonds draw?

Both the NS&I app and the official prize checker app, available on either Android or iOS, will show you the prizes on offer that month, any winnings you may have had over the past six draws as well as any unclaimed prizes. Just remember to have your Premium Bonds holder’s number to hand.

You can also have your Alexa smart speaker do the hard work for you

To get it set up, you’ll need to activate the NS&I Premium Bonds prize checker skill on your Alexa app and enter your NS&I number. After that, Alexa will be able to keep you up-to-date on all things Premium Bonds and prizes.

How will NS&I prizes be paid to me?

More than nine in ten prizes are now paid automatically into bank accounts or reinvested into premium bonds, according to NS&I. They say it is far quicker and more secure than waiting for a cheque. If you want to set automatic payments up, you can do it on the NS&I website.

Is now a good time to buy Premium Bonds?

If you’re not already a Premium Bondholder, there’s a good reason why now may be a great time to ensure your name is in the hat for next month’s draw.

The August draw saw the prize fund rate increase to 4%, and the odds improve from 24,000 to 1 to 22,000 to 1, meaning that each £1 Bond now has its best chance of winning a prize in almost 15 years.

The latest draw also saw an extra £30 million added to the prize fund, with 455,390 extra prizes available for Bondholders to win.

With the minimum investment starting at £25, Premium Bonds can be the first step to starting your own successful savings habit, but they’re also a popular way to start saving on behalf of a child.

Tom is a journalist and writer with an interest in sustainability, economic policy and pensions, looking into how personal finances can be used to make a positive impact. He graduated from Goldsmiths, University of London, with a BA in journalism before moving to a financial content agency.

His work has appeared in titles Investment Week and Money Marketing, as well as social media copy for Reuters and Bloomberg in addition to corporate content for financial giants including Mercer, State Street Global Advisors and the PLSA. He has also written for the Financial Times Group.

When not working out of the Future’s Cardiff office, Tom can be found exploring the hills and coasts of South Wales but is sometimes east of the border supporting Bristol Rovers.