Savers buy £1 bonds and each has an equal chance of winning, so the more you buy, the higher your chances. The closest thing Premium Bonds have to an interest rate is their annual prize rate ...

For every £1 bond in the monthly prize draw, the odds of winning are 22,000 to one, according to the NS&I. In April, the annual prize fund rate dropped from 4 per cent (variable) to 3.8 per cent.

The prize draw takes place at the start of the month. Guidance on the NS&I website states that prizes are typically paid by ...

What are the chances of winning a Premium Bonds prize? While NS&I’s prize fund rate, the average rate of return for a person with average luck, currently stands at 3.8%, there’s no guarantee ...

Premium Bonds customers have been warned they could be losing money in real terms by holding onto their Bonds. Savers may be wondering if the scheme is right for them as NS&I is to cut the prize fund ...

The NS&I Premium Bonds prize fund rate, which represents the average return a Premium Bonds saver would get in a year, is ...

I have now cashed in all my Premium Bonds. It's been a long time coming, but the latest cut to the prize rate was the final straw. I've decided I'm better off with my savings elsewhere and spending £2 ...

National Savings and Investments has issued a warning to Premium Bonds holders and customers over an "automatic" rule. The Treasury-backed financial provider and institution has issued a warning to ...

Premium Bonds holders have been warned to brace for ... to the total amount of Bonds entered into the monthly draw will fall. The odds of each £1 Bond securing a win will stay at the existing 22,000 ...

Premium Bonds holders have been encouraged to do a quick check as they could have some "big wins" to collect. NS&I said in its recent annual report that the number of unclaimed prizes rose from ...