The £1 million Premium Bonds jackpot prize winners in August 2020 are a woman from Cumbria and a man from Outer London.

The first £1 million prize, Bond number: 174SW095381 belongs to a woman from Cumbria. She purchased the winning Bond in November 2010 and has a total of £5,900 in Premium Bonds. She becomes the seventh Premium Bonds millionaire winner in Cumbria, with the previous jackpot win in the region in November 2019.

August’s second millionaire is a man from Outer London. The winning Bond number 332BQ973008 was purchased in June 2018 and he holds £20,300 in Premium Bonds. This is the first Premium Bonds millionaire from Outer London since August 2018 and the eighth in total.

Get prizes paid quicker and more securely

Customers can arrange to have any future prizes paid straight in to their bank account if they are registered for NS&I’s online service and have an email address or mobile phone number. Customers should visit and click ‘Log in’, go to ’Your profile’ and select ‘Your prize options’.

Customers can also choose to have their prizes reinvested, up to the maximum £50,000. This means that any prizes won can automatically be reinvested into more Premium Bonds that will go straight into the next prize draw.

Customers who have chosen to have prizes in these ways will be informed whether they have won by email or text message. Those who receive warrants (like a cheque) will receive notification of any wins through the post.

New customers buying Premium Bonds for the first time, should do so online at Existing customers looking to increase the size of their holding in Premium Bonds can invest by bank transfer and do not need to be registered for our online and telephone banking service to do this. Find out more at:

Jill Waters, NS&I’s Retail Director, said:

“We appreciate that times are hard for people at the moment and we want to make things easier for our lucky Premium Bonds winners by having their prizes paid straight into their bank account. This is quickest, easiest and most secure way to receive Premium Bonds prizes. In July’s prize draw, almost three quarters of prize winners (72%) either had their prizes paid in this way, or reinvested into the next draw – increasing their chances of winning.

“Each £1 Bond has an equal chance of winning and the magic of Premium Bonds is that regular savings habits can lead to winning a life-changing sum of money. The minimum investment is now £25 which means that it is easier to save in Premium Bonds than ever before. The enduring appeal is the chance to be surprised and delighted by any of the three million plus tax-free prizes, including the two £1million jackpots.”

Checking Premium Bonds prizes

Customers can check to see if they have won on the prize checker and prize checker app from Tuesday 4 August 2020. Customers will need their Premium Bonds holder’s number to use the website and their NS&I number or holder’s number to check via the app.

August 2020 prize draw breakdown
In the August 2020 prize draw, a total of 3,782,170 prizes worth £108,107,000 were paid out. There were 92,663,149,308 eligible Bonds for the draw. Since the first draw in June 1957, ERNIE has drawn 491 million prizes with a total value of £20.9 billion.

Value of prize

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Notes to Editors

  1. NS&I has spokespeople available for interview, including Agent Million, as well as a wealth of facts and figures (including regional) about Premium Bonds. If you require any further details, please contact the NS&I media team on the contact details below or tweet your question to @nsandi
  2. All Premium Bonds prizes are free of UK Income Tax and Capital Gains Tax.
  3. NS&I is one of the largest savings organisations in the UK, offering a range of savings and investments to 25 million customers. All products offer 100% capital security, because NS&I is backed by HM Treasury.
  4. The annual Premium Bonds prize fund rate is 1.40% and the odds of each individual Bond number winning any prize are 24,500 to 1.
  5. Pictures of ERNIE 5, the previous ERNIEs and Premium Bonds, including the Premium Bonds app are available in high-resolution jpeg format from the NS&I media team.
  6. NS&I is urging customers to go online to if they need help to manage their savings during the Coronavirus pandemic. NS&I is currently receiving more calls than usual and it is taking longer than normal to help customers. Customers should use to deal with their queries, so that those who are most in need, such as those who do not have access to the internet or those who require critically urgent help, can deal with NS&I by phone. Customers should also only send NS&I anything by post if they have no other choice.
  7. Further information on NS&I, including press releases and product information, is available on the website at Follow us on Twitter: @nsandi or join the conversation on Facebook: NS&I.