Premium Bonds holders will have more chances to win big-money prizes from July. The Premium Bonds prize fund rate will reach a 15-year high from the July prize draw, increasing to 3.70% from 3.30%.
Savings giant NS&I, which made the announcement, said the changes will see an additional £39 million in prizes available for bondholders.
The odds of each £1 Premium Bond winning a prize will remain at 24,000 to one, but people will have more chances each month to win prizes worth between £50 and £100,000. The estimated number of smaller, £25 prizes will reduce in July.
