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