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NS&I to increase the Premium Bond prize rate to 3% – here's all you need to know
in Savings & investments
52 replies 7.8K views
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Yes very strange the topic of my post was "NS&I raises savings rates and premium bond prize" this topic isn't even relevant and mine was posted five hours earlier maybe the admin would like to comment as to why this just happened
and I’ve won nothing since
Now they are reducing the £25 prizes AGAIN
forget that - I’m out
Median~£1275 (i.e., 2.55%)
Mean~£1479 (i.e., 2.96% - close enough to 3%)
80% of winnings will fall between about £875 and £1950
I too was thinking about withdrawing some PBs and may now change my mind.
You don't say the size of your holding. At the new 3% headline you'll need c£1000 to average a win of 1 x £25 a year. You'd need more previously at 2.2% headline and that was only recently increased in October from 1.4% which would require a holding of c£2000 to average 1 x £25 per annum.