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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
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won £200 this year
nothing at all since the previous rise
After today’s latest rise;
“.... though this is mostly offset by the number of £25 prizes falling by around 900,000.”
Total number of prizes remains the same (relative to bonds in circulation) in order to continue the unchanged 24,000 to 1 odds, but their average value increases significantly - in what way is that a negative change?