October Premium Bonds winners announced: Saver with just £7 won £50,000

Millions of Premium Bonds holders have woken up richer after NS&I announced the winners of October’s prize draw.

The luckiest of these are this month’s jackpot winners who became millionaires overnight after they won £1 million from NS&I.

The first is based in Scotland and is the lucky holder of bond number 498FZ511907. They bought the winning bond in April 2022 and held a total of £10,150 in Premium Bonds before winning the jackpot. They are Scotland’s 30th jackpot winner.

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Meanwhile, the second jackpot winner is based in Greater Manchester and bought the winning bond in January 2023. Before winning with bond number 524KB804512, they held a total of £34,350 in Premium Bonds. They are Greater Manchester’s fourth jackpot winner.

The winners will have been paid a visit by Agent Million, an anonymous NS&I employee who travels up and down the country to inform jackpot winners of their luck, in the days before the announcement.

Outside of October’s jackpot winners, this month’s Premium Bonds prize draw saw over six million other savers win prizes between £25 and £100,000, bringing the total prize pot to more than £399 million.

Of these winners, 2,808 won high-value prizes between £5,000 and £100,000.

Among them is one lucky saver with just £7 in Premium Bonds. They bought the winning bond in June 1971.

Meanwhile, two winners won £25,000 and £10,000 from Premium Bonds they purchased in September 2025, the most recent month eligible for October’s draw.

Andrew Westhead, NS&I Retail Director, said: "As autumn arrives, two winners from North East Scotland and Greater Manchester are settling into the season a million pounds richer.

“Premium Bonds offer tax-free prizes to savers with every £1 Bond having an equal chance of winning in the draw, and it’s great to see our Scottish millionaire winning the jackpot with a holding of £10,150.

“Sometimes people don’t update their contact details with us, which can lead to unclaimed prizes. In Greater Manchester, there's one £100,000 prize and two £50,000 prizes still waiting to be claimed from past draws.”

Overall, there are currently 2,646,717 unclaimed Premium Bonds prizes worth £108,348,250 waiting to be claimed.

October 2025 Premium Bonds winners

The total number of prizes in October’s Premium Bonds prize draw was 6,049,850, and the total prize pot was £399,290,100.

Overall, a total of 133,096,700,225 Premium Bonds were eligible for this month’s draw and winners were drawn at random by ERNIE, NS&I’s prize-drawing computer.

Alongside the two jackpot winners, 76 savers won prizes of £100,000, 151 won £50,000, and 304 won £25,000.

Source: NS&I, 1 October 2025

The prize fund rate, the average rate of return for someone with average luck, for the October draw was 3.6%.

Premium Bonds do not pay a set level of interest like other savings accounts. Instead, every £1 you save gives you a one in 22,000 chance to win one of the prizes each month.

You do not have to pay any tax on your Premium Bonds winnings either, making them a good way to protect your savings from the taxman.

How to check if you won in October’s Premium Bonds prize draw

Savers who have invested their money in Premium Bonds will be able to check if they won in this month’s prize draw from 2 October.

They can do this through NS&I’s website, app, or even their Amazon Alexa.

For more information on how to check for Premium Bonds, read our separate article.