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The Independent UK
The Independent UK
National
Andy Gregory

Premium Bond prize rate to rise to 15-year high: Rules and odds explained

NSI Bonds
NS&I/PA

The Premium Bond prize rate is to rise to a 15-year high next week, giving more investors the chance of winning bigger cash-outs.

Premium Bonds are a government-backed savings account, in which those holding bonds earn no interest – with the money instead entered into a monthly prize draw.

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