Good News for Premium Bond Holders

By Barry Davys - Topics: Premium Bonds

Good news for all of you out there who hold premium bonds!

Due to the equivalent interest rate increase recently announced by the Bank of England, NS&I has announced that there will be an increase in the size of the prize fund for the popular Premium Bond scheme. Though this isn’t a real terms interest rate change, it does mean that there will now be more funds available for bond holders to win.

The chances of winning with a single bond will be increased sizeably from 30,000 to 1 to 24,500 to 1.

See below a small table taken from Telegraph.co.uk to show the substantial change in prizes!

Prizes           No. of prizes November 2017           No. of prizes December 2017
£1m 2 2
£100k 3 4
£50k 5 9
£25k 12 18
£10k 28 42
£5k 57 87
£1k 1,366 1,660
£500 4,098 4,980
£100 22,190 22,792
£50 22,190 22,792
£25 2,325,993 2,853,919

 
NS&I

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