Premium bond holders get a better chance of winning prizes

NS&I has put extra cash into the winners’ pot, but soaring inflation is eroding holders’ cash more quickly

There was good news this week for Britain’s 21 million-strong army of premium bond holders: your chance of winning is about to increase.

NS&I has announced that the premium bond “prize fund rate” – the proportion of the total amount invested paid out in prizes – is being upped from 1% to 1.4% next month.

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