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Derin Clark

Derin Clark

Online Reporter
Published: 01/12/2020

Two premium bond savers have won the top £1 million prize in the premium bond December draw, it was revealed today.

The first winner was from Manchester and held the premium bond number 398MV229074, while the second, from South Gloucestershire, held the premium bond number 263SP726460.

December was the first prize draw at the new lower rates, which were first announced in September. Although the new rates meant that there were fewer winners during this prize draw, with the odds being slashed from 24,500 to 1 to 34,500 to 1, a total of 2,868,182 prizes worth £82,460,250 are due to be paid out.

Of these prizes, two won the top prize of £1 million, four won the second prize of £100,000 and nine won the third-best prize of £50,000. In addition to this, 17 won £25,000, 42 won £10,000, and 86 won £5,000. Meanwhile, over two million won prizes ranging from £1,000 to £25.

How to check premium bonds

Those wanting to see if they have won in the December premium bond draw can do so using the prize checker or via their Alexa-enabled device from the 2 December 2020. The premium bond hold’s number will be needed to check the results on the website. To check the results via the app, the NS&I number or holder’s number is needed.

NS&I is encouraging customers to update their banking information on its website so that prize money can be paid directly into the winner’s bank account. Today, NS&I announced that it is extending its phasing out of premium bond prize-winning cheques until the spring, with the last cheques to be sent in February 2021 to give savers more time in which to update their banking information.

How can premium bond holders update their bank account details?

According to NS&I, there are three ways premium bond holders can update their bank account details. These are:

1) Customers already registered for NS&I’s online and phone services can input their bank account details quickly, easily and securely by logging into their account on NS&I’s website. They should visit and use the secure login. They should go to ‘Your profile’ and select ‘Your prize options’ and choose to have prizes paid directly to their bank account or to have prizes automatically reinvested into more Premium Bonds.

2) Customers who have not registered and do not wish to register for NS&I’s online and telephone service can use NS&I’s new prize options service. The new service consists of a secure three-stage process. Customers can visit to input their bank account details and should have their Premium Bonds holder’s number to hand, which they can find on their Bond record. Customers should enter their UK bank account details and can choose to have prizes paid directly into their bank account or reinvested into more Premium Bonds (up to the maximum £50,000). Customers who opt to use this service will need either an email address or a mobile phone number so that NS&I can notify them of any prize win by either text message or email.

3) Customers who are unable to provide their bank details online can phone our call centre on 08085 007 007 to select their prize options. The withdrawal of prize warrants will not begin until the spring of 2021, so customers do not need to take action now and can do so at a later date.


Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

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