“Biggest increase to Premium Bond prize rate for 40 years
100,000 more prizes could be given out next month to premium bond holders
The Premium Bond prize rate will increase from 1.4pc to 2.2pc next month – the biggest rate rise since 1980.
National Savings & Investments said the increase would boost the overall size of the prize pot by £76m and will mean almost 100,000 more prizes are given out next month.
The last time NS&I announced an increase as big was in July 1980, when it changed the prize fund rate to 7pc from 5.75pc, an increase of 1.25 percentage points.
Premium Bonds are Britain’s biggest savings scheme, with over 22 million holders, and offer prizes of between £25 and £1m a month. This is the first time returns have passed 2pc since November 2008, during the financial crisis, when the rate was 2.85pc.
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https://www.telegraph.co.uk/personal...e-forty-years/
100,000 more prizes could be given out next month to premium bond holders
The Premium Bond prize rate will increase from 1.4pc to 2.2pc next month – the biggest rate rise since 1980.
National Savings & Investments said the increase would boost the overall size of the prize pot by £76m and will mean almost 100,000 more prizes are given out next month.
The last time NS&I announced an increase as big was in July 1980, when it changed the prize fund rate to 7pc from 5.75pc, an increase of 1.25 percentage points.
Premium Bonds are Britain’s biggest savings scheme, with over 22 million holders, and offer prizes of between £25 and £1m a month. This is the first time returns have passed 2pc since November 2008, during the financial crisis, when the rate was 2.85pc.
“
https://www.telegraph.co.uk/personal...e-forty-years/
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