Fewer big money Premium Bonds prizes will be available from the April draw, as the prize fund rate is slashed by almost £20 million.

The prize fund rate - which is the closest thing Premium Bonds has to an interest rate - is being reduced from 4.00% to 3.80% from the April 2025 draw ...

As the Premium Bonds prize fund rate has fallen, NS&I has increased the interest rate on its Direct ISA with immediate effect from 3% to 3.5%. NS&I says the move will help savers who want to maximise ...

Meaningful change to the retirement income system should ensure that consumers have competitive and tailored retirement ...

The odds of winning a prize will remain the same, but the prize fund rate will change from the April draw onwards ...

The prize fund rate represents the portion of the total capital invested in Premium Bonds that is distributed as prizes ...

Premium Bonds savers have been warned that the prize fund rate for the savings scheme could be misleading as to your chances ...

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