NS&I’s Premium Bonds prize funds rate is to become more generous, with savers having the chance to win an additional 1.4 million tax-free prizes each month. The Premium Bonds prize fund rate will increase from 1% to 1.4% from June 2022.
The odds of each £1 Premium Bond number winning a prize will improve from 34,500 to one to 24,500 to one. The increased prize fund rate will see an estimated additional 1.4 million prizes paid out in the June draw.
The changes will mean that, for example, there will be an estimated 10 £100,000 prizes in June, up from six in May. There will be an estimated 19 £50,000 prizes in June, up from 11 in May, and the estimated number of £10,000 prizes up for grabs will rise to 98 from 58.
