NS&I has announced the Premium Bonds jackpot winners for March 2025. A saver with a holding of just £100 became a millionaire overnight while many others have also received smaller cash prizes.
The two Premium Bonds millionaires picked this month are from Cumbria and Cleveland.
The Cleveland jackpot winner’s winning bond is 540HZ735699, and held just £100 in Premium Bonds before nabbing the jackpot. Their winning bond was purchased in May 2023.
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The winner from Cumbria holds bond number 408VD714629 and has a total of £35,000 in Premium Bonds. The winning bond was purchased in August 2020.
The two jackpot winners will have been paid a visit by Agent Million, a member of NS&I’s staff whose identity is kept secret and informs jackpot winners of their fortune. Many other winners will have been awarded between £25 and £100,000.
Those who won smaller prizes will be able to check their luck tomorrow on 4 March.
Andrew Westhead, NS&I Retail Director, said: "Spring is definitely in the air for our two jackpot winners from Cleveland and Cumbria this month. The Cleveland winner's story is particularly exciting, with just £100 invested in Premium Bonds in 2023. It just shows that every £1 Bond has an equal chance of winning the £1 million jackpot.
“This is the second smallest holding ever to win the £1 million jackpot. The smallest holding ever to win was £17 back in July 2004 with the winning Bond purchased in 1959. "
March 2025 Premium Bonds winners
More than 5.9 million prizes totalling over £430 million have been drawn and will be paid out to Premium Bonds winners in the March 2025 draw.
Value of prize | Number of prizes |
|---|---|
£1,000,000 | 2 |
£100,000 | 83 |
£50,000 | 164 |
£25,000 | 331 |
£10,000 | 825 |
£5,000 | 1,652 |
£1,000 | 17,314 |
£500 | 51,942 |
£100 | 2,005,300 |
£50 | 2,005,300 |
£25 | 1,819,687 |
Total value of prizes £432,857,175 | Total number of prizes 5,902,600 |
The March draw had a prize fund rate of 4% – that being the benchmark used by the NS&I to determine how many prizes should be given away every month.
From April’s draw, the prize fund rate will drop to 3.8%, meaning people with average luck will have a slightly lower rate of return.
The odds of winning a prize will remain the same next month at 22,000 to 1 for every £1 bond.
How to check if you’re a February NS&I Premium Bonds winner
You can check if you won a Premium Bonds prize from tomorrow (4 March).
To do this, you can use the online NS&I prize checker tool or the NS&I app (downloadable on iOS and Android), and make sure you have your Premium Bonds number to hand. The tool also allows you to check winnings from previous draws.
You can also use an Amazon Alexa to check for prizes in draws going as far back as 1986.
Alternatively, you can write to NS&I at: NS&I, Sunderland SR43 2SB. It is important to include:
- Your name
- Current address
- Premium Bonds number
- Any previous addresses where you might have registered bonds
- Your signature
- You can also call NS&I for free on 08085 007 007, but you will only qualify for this method if you’re registered for phone or online banking with NS&I.
If you've invested in Premium Bonds for a long time, it's worth checking whether you may have forgotten to claim any prizes. According to NS&I, around 2.5 million prizes have been left unclaimed worth almost £94 million.
Unclaimed Premium Bonds prizes do not expire, so even if you have one left unclaimed from the 1950s (as 13 people do) then it is still worth checking.
How will my prize be paid?
When you set up your account with NS&I, you will have set a preference for how you would like Premium Bonds prizes to be paid. If you opted for automatic payments then you will have your cash prize paid directly into your bank account. Meanwhile, you could have opted to have your winnings reinvested into Premium Bonds.
According to NS&I, more than 9 in 10 prizes are paid into winners’ bank accounts or automatically reinvested.
If you did not opt for either automatic payment or reinvestment, then you will receive a cheque. If you have moved home since buying your Premium Bonds then you should make sure that your address has been updated.
You can change your payment method on the NS&I website.
Our Premium Bonds alternatives guide looks at some other savings prize draws on the market.
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