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 ...

Millions of National Savings and Investments customers have been warned "it's time" to cash in their accounts and close their ...

She explained: "The Government’s mandate requires NS&I not to offer higher rates than private sector savings providers. So, ...

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 ...

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 ...

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 ...

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 ...

Essex tops the table in July’s Premium Bonds draw, with holders in the region securing the greatest total prize amount, more than any other area ...