More life-changing prizes will be added to the Premium Bonds draw from March. Savings giant NS&I said the Premium Bonds prize fund rate will increase to 3.30% from the March 2023 draw, from 3.15%, meaning about £15 million more in prizes up for grabs.
The change is the fifth increase that NS&I has made in the past year. The odds of each £1 Bond winning a prize will remain at 24,000 to one, but the number of prizes worth £50 to £100,000 will increase from the March draw.
It will mean that, for example, the estimated number of £100,000 prizes in March will be 62, up from 59 in February. The estimated number of £50,000 prizes next month will be 123, up from 117 in February.
