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The Independent UK

Business

Vicky Shaw

NS&I announces changes to Premium Bond prizes

Bonds Moneyfacts NSI Rachel Springall Bank of England

Changes in August will benefit NS&I’s savers who have money in Premium Bonds, direct saver accounts and income bonds (NS&I/PA) - (PA Media)

Savers holding Premium Bonds are set to see fewer high-value prizes awarded from April onwards, as National Savings & Investments (NS&I) cuts the prize fund rate from 4% to 3.8%.

While the odds of winning any prize remain fixed at 22,000 to one, the distribution of prizes will shift.

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