NS&I to increase the Premium Bond prize rate to 3.7% – here's all you need to know

eskbanker

nrmsmith said:

again = each of the last 2 or 3 increases has resulted in an actual lowering of the total number of prizes

Not true, this is the sixth increase in a row where the number of prizes has been no worse than before, as measured by the chances of winning one, which were 34,500 to 1 prior to the start of that run and 24,000 to 1 throughout the most recent five.

The fact that there'll be 0.14% fewer bonds in the July draw and a corresponding 0.14% fewer prizes is of no significance....

Johnjdc

Might be an opportunity for MSE to fix the calculator, though I'll miss being told I have a 46.2% chance of winning the jackpot in the next five years