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|