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The Independent UK
The Independent UK
Business
Albert Toth

FOUND: Premium bonds cuts prize rate again are they still worth it - You Need To See This

The prize rate for Premium Bonds is set to be cut in August, National Savings and Investments (NS&I) has confirmed, bringing changes for millions of account holders.

The prize fund will shrink to 3.6 per cent from August’s draw, down from 3.8 per cent. It marks the third rate reduction of the year, after it was cut from 4.15 per cent to 4 per cent for January.

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