RE: Premium Bonds4 Jul 2023 09:06
Things can only get better for PB's
From the August 2023 prize draw, the prize fund rate will increase to 4.00% from 3.70%, its highest level since 2007. The odds will improve to 22,000 to 1 from 24,000 to 1, meaning that each £1 Bond will have its best chance of winning a prize in almost 15 years.
NS&I estimates that the changes will see an extra £30 million added to the prize fund from August, with an estimated 460,000 extra prizes up for grabs.