Premium Bonds prize checker: When is February’s draw and how can I check if I’ve won?

The Premium Bonds winning numbers are announced monthly, with 24 million participants and over £127bn saved in the government-backed scheme. Savers have a chance to win cash prizes ranging from £25 to £1 million, with a 22,000-to-one odds of winning for every £1 invested. The next draw is on Monday 3 February, with results released the following day, offering a risk-free investment option with a 4% ‘interest rate’ when factoring in all winnings, although most participants may not see significant returns compared to other savings accounts in the UK.

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