We use cookies to allow us and selected partners to improve your experience and our advertising. By continuing to browse you consent to our use of cookies. You can understand more and change your cookies preferences here.

News.

When you click on a retailer link on our site, we may earn affiliate commission to help fund our not-for-profit mission.Find out more.

1 Feb 2022

Premium bond winners in February 2022: are you more likely to win elsewhere?

Yorkshire Building Society's new monthly prize draw pays winners up to £1,500 to cover the average cost of household outgoings

Two lucky premium bond holders have become millionaires after winning the jackpot prizes in NS&I's February draw.

The £1m winners are from Essex and Leeds. Six other winners were picked for the next-best prize of £100,000.

Here, Which? reveals the winning bond numbers, and checks out the prizes available from alternative prize draws - and what your odds are of winning them.

Be more money savvy

Get a firmer grip on your finances with the expert tips in our Money newsletter – it's free weekly.

This newsletter delivers free money-related content, along with other information about Which? Group products and services. Unsubscribe whenever you want. Your data will be processed in accordance with our Privacy policy


February 2022 premium bond prize winners

This month, the two £1m jackpot prizes went to premium bond holders living in Essex and Leeds.

The first winning bond (193NH145072) was purchased in June 2012, and belongs to a bond holder from Leeds with an overall holding of £20,002.

The second winner from Essex bought their winning bond (446WL848124) in March 2021. This is part of an overall holding of £50,000.

How many winners were drawn in February?

There were 3,363,088 premium bond prizes in the February draw, worth a total of £96,688,825. Of these, 3,355,145 were worth £100 or less.

Value of prizeNumber of prizes
£1,000,0002
£100,0006
£50,00011
£25,00022
£10,00057
£5,000113
£1,0001,933

Source: NS&I

Alternative prize draws to premium bonds

Several savings providers offer their own prize draws - but, so far, none have any prizes that come close to NS&I's £1m jackpot.

However, opting for one of these alternatives may mean you stand a better chance of winning, which could benefit your savings more than waiting for a big premium bonds prize.

Yorkshire Building Society's Make Me A Saver draw

What is it? Launched last month, Yorkshire Building Society's prize draw pays 10 cash prizes of £1,500 each month to cover the average cost of household outgoings.

How do you enter?Those aged 16+ with a Yorkshire Building Society 'Make Me A Saver' regular savings account must deposit between £50 to £150 each calendar month.

How much can you win?Ten winners will get £1,500 each.

What are the odds?Varies depending on how many people satisfy the entry criteria each month.

Is it available throughout the UK?No; only available in England, Scotland and Wales.

Other terms?Prize draws will take place on the 3rd of each month, with the final draw taking place in January 2023. Unlimited withdrawals are allowed, but if the balance at the end of each calendar month is not at least £50 more than it was the previous month, the account won't be entered into the prize draw taking place on the 3rd of the following month. Money held in the Make Me A Saver account will receive 1% AER variable interest. On 1 February 2023, any money held in Make Me A Saver accounts will be transferred to Yorkshire Building Society's Easy Saver account.

TSB 'My Dream' prize draw

What is it?TSB current account customers can enter for a chance of getting a share of a £10,000 prize fund. The prize draw is set to run each month until May 2022.

How do you enter? Those aged 18 or over with a Spend and Save, or a Spend and Save Plus account can enter. Go to the TSB mobile banking app, log in, open a savings pot, and rename this pot so that it includes the words 'my dream'. You'll then be automatically entered into the prize draw each month, as long as you keep at least £10 in the pot.

How much can you win? Five winners will get £1,000; 50 winners will receive £100.

What are the odds?Varies depending on how many people satisfy the eligibility criteria each month.

Is it available throughout the UK?No; only available in England, Scotland and Wales.

Other terms? The prize draw is run on the first working day of each month, and you'll only be entered if you satisfy the entry criteria by 7pm on the last working day of the previous month.

Nationwide Member Prize Draw

What is it? A monthly prize draw for Nationwide members, with a monthly prize fund of £1m each month. It's set to run until August 2022.

How do you enter? Unless you opt-out, members aged 18 or over with a Nationwide mortgage, savings or current account are automatically entered each month.

How much can you win? £100,000, £25,000, £10,000 or £100.

What are the odds?Varies each month depending on the number of people who are eligible to take part. In the past, Nationwide has said there were around 14.2 million members eligible for the Member Prize Draw, which would mean the odds of winning a prize are around one in 1,750.

Is it available throughout the UK?No; only available in England, Scotland and Wales.

Other terms? Only those considered to be Nationwide 'members' will be entered into the prize draw. This does not include anyone who only has a Nationwide business savings account or mortgage taken out via The Mortgage Works. Nationwide also does not consider you a 'member' if you only have products such as a personal loan, credit card, investment or insurance product.

Halifax and Bank Of Scotland Savers Prize Draw

What is it? A monthly draw with more than 1,600 prizes available to those who maintain a total savings balance of at least £5,000.

How do you enter? Hold at least £5,000 in any qualifying Halifax or Bank of Scotland account for a full calendar month. You can register even if you don't yet have £5,000 saved - you'll be automatically added to the prize draw once your savings reach the required amount.

How much can you win? £100,000, £1,000 or £100.

What are the odds?Varies depending on how many people satisfy the eligibility criteria. On average, 1,603 prizes are handed out each month.

Is it available throughout the UK?No; only available in England, Scotland and Wales.

Other terms? Any savings in joint accounts will be split equally and account holders will need to register separately. Entrants must be aged 18 or over.

Family Building Society Windfall Bond

What is it? This savings account pays 0.25% AER and enters you into a monthly prize draw.

How do you enter? You must hold exactly £10,000 in the account to be entered into the draw. Bonds are entered in the second month after being opened - so an account opened on 2 February would be entered into the draw in April.

How much can you win? £1,000, £2,500, £10,000 or £50,000; 21 prizes are given away each month.

What are the odds? One in 714 chance of winning a prize in any given prize draw; one in 60 chance of winning a prize across 12 consecutive prize draws.

Is it available throughout the UK?Yes; entrants must be UK residents.

Other terms? Any interest is paid away annually to a nominated account. No withdrawals or additions are permitted; to access your money you must close the account, which requires 35 days' notice. The maximum number of Windfall accounts that can be open at any time is 15,000, and it has had to close to new savers in the past.