THE TELEGRAPH: Odds of winning prizes shortened as £66m added to monthly pot
The rate on Premium Bonds will rise to 4.65pc in September, its highest rate for 24 years.
The increase, which comes alongside a shortening of the odds of winning on each £1 bond from 22,000 to one to 21,000 to one, adds £66m to the National Savings and Investments’ monthly prize pot.
It makes the so-called “prize rate” on the popular savings lottery, which currently stands at 4pc, the best since 1999.
The number of millionaires created each month will remain at two but an extra 13 people a month will win £100,000. » | Madeleine Ross | Tuesday, August 8, 2023
