Premium Bonds odds shorten and 21m savers get a bigger prize pot
Millions of hard-pressed savers received a boost today with National Savings and Investments revealing it is passing the full base rate rise on - including shortening the odds on Premium Bond prizes. NS&I says the current prize fund rate for Premium Bonds is 1.15 per cent - this will rise to 1.4 per cent on 1 December 2017. Meanwhile, the odds of winning will be slashed from 30,000 to one, to 24,500 to one. Savings cheer: NS&I has revealed it is passing on the interest rate rise from last week The estimated prize pot for Premium Bonds in next month will be £83.1million, compared to £68.3million in November. Furthermore, the total number of prizes will rise from 2.4million to 2.9million, the most it has ever offered.check link for further information about prize bonds can Premium Bonds are one of Britain's most popular financial products with 21million people saving more than £68billion into them. Exactly a week after the Bank of England announced base rate was...