Budget 2014: Premium Bond limit to rise but chances of winning could fall

Former_MSE_Michael

"Savers will soon be able to stash away more cash in premium bonds after the Chancellor announced the current limit will rise"

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Budget 2014: Premium Bond limit to rise but chances of winning could fall



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strawfoot

Rather than add a single £1 million prize it would have been wiser to add more small prizes. e.g. 100 prizes of £10,000 or 1000 prizes of £1000– I think Premium Bond investors would find this a more attractive proposition. Most people would like to see some return on their money and smaller prizes will provide more frequent payouts. Adding another £1 million prize just means that everyone will have an even smaller chance of winning any prize.

dominoman

Old thread now. But does anyone know if the rise to 50k is happening? It was announced in 2014 but the date wasn't confirmed at the time I believe

colsten

see your other thread: http://forums.moneysavingexpert.com/showthread.php?t=5209739