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 cash prizes each month.
The Premium Bonds prize fund rate will increase from 1.00% to 1.40% from June 2022 and 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 next month’s draw, including an estimated 10 prizes of £100,000, 19 prizes of £50,000 98 prizes of £10,000. However, the estimated number of £1,000,000 prizes will remain unchanged at two.
