Both winners of the £1million Premium Bonds jackpot once again held the maximum £50,000 in the popular National Savings and Investment account.

In March - the last month in which the underlying rate on Premium Bonds will be 3.6 per cent - the winners came from Liverpool and Norfolk.

The winner from Liverpool purchased their bond in April 2022 and joins four others from the city who have scooped the big prize since 1994 - including someone who won the top prize only last month.

The winner from Norfolk has had the bond since September 2016 and are the third person to take home the seven-figure jackpot from the county.

In the three draws so far this year, the six £1million winners have all had the maximum £50,000 allowed in Premium Bonds.

It means in the past 12 draws, more than half of the £1million winners - a total of 15 - held the maximum of £50,000, This is Money analysis shows, or 62.5 per cent. 

The lowest holding to win big in the past year was in August, where a winner in Central Bedfordshire won the jackpot with a £7,000 holding.

This is Money analysis shows that in the 12 months, the average holding of the £1million winner is just north of £42,000.

Elsewhere in the draw, a lucky Premium Bonds holder won £100,000 in Oxfordshire with a £1,230 total holding, while two winners in Leeds and Devon took home the same six-figure prize with £2,100 and £3,000 saved respectively. 

Meanwhile, a winner in Greater Manchester won £50,000 on a £200 holding purchased in June 2006.

Roughly 23million Britons hold Premium Bonds. It is believed around 1.4million have the maximum £50,000 holding versus 600,000 who did in 2019.  

NS&I will cut the Premium Bonds prize rate from 3.6 per cent to 3.3 per cent from the April 2026 draw.

The Treasury-backed bank will also lengthen the odds for each £1 bond winning a prize to 23,000 to 1 from the current 22,000 to 1.

The prize fund rate on the savings product was last changed in August 2025 and the odds last tinkered with in December 2024.

It means the number of £100,000 prizes will fall from 78 in the most recent draw to an estimated 71 in April.

Meanwhile, there will be 143 prizes worth £50,000 versus 156, and 285 prize worth £25,000 against 313 in March.

Andrew Westhead, NS&I retail director, said: 'This change to the Premium Bonds prize fund rate and odds reflects changes in the wider savings market, and ensures we continue to balance the interests of savers, taxpayers and the wider financial services sector.'

NS&I says Premium Bonds are the most popular UK savings account and recently passed £40billion prizes drawn since launching in November 1956.

Instead of paying interest, there's an annual prize fund rate that funds the monthly draw for tax-free prizes.

Each £1 Bond purchased is entered into a monthly prize draw, where prizes range from £25 to £1 million.

Individuals can hold up to £50,000 in Premium Bonds, including those aged under 16.

New Premium Bonds purchases need to be held for one full calendar month before being entered into the monthly prize draw.

More August 2026 winners