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Premium Bond prize fund overdue an increase
hallmark
Posts: 1,499 Forumite
Raised to 1.4% in May when the base rate was 1.0%. Base rates now 1.75%. Sort it out NSANDI.
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Comments
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Haha!
Don’t hold your breath 😆0 -
I'd love a reason to put £50k back in PBs but not holding my breath
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The premium bond prize rate isn't directly linked to the BoE base rate, but it is true that the base rate increase on 4 May was followed nearly three weeks later by the announcement of a PB rate boost, so if the same pattern was to apply they'd announce a prize rate increase on 24 August, but they're not under any obligation to do so of course and it's certainly not 'overdue' as such....hallmark said:Raised to 1.4% in May when the base rate was 1.0%. Base rates now 1.75%. Sort it out NSANDI.0
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