NS&I to cut Premium Bond prize rate to 3.3% from April – are they still worth it?
The odds of any single bond winning a prize, which have been the same since December 2024, are also dropping slightly, from 1 in 22,000 to 1 in 23,000. This latest cut follows a series of reductions last year, which took the prize-fund rate from 4% in January to 3.6% by August.
