Premium Bonds: NS&I to increase fund rate to 1.40% – extra 1.4 million prizes for savers

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The financial institution outlined its plans to hike the fund rate from one percent to 1.40 percent. This is set to come into effect as of the June 2022 Premium Bonds draw and will see an extra 1.4 million prizes paid out. As a result, the odds of each £1 bond number winning a Premium Bonds prize will also change from 34,500 to one to 24,500 to one.



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