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NS&I cuts Premium Bonds prize rate to 3.80%, affecting high-value prizes, amid UK interest rate changes.
NS&I, a UK financial institution, is reducing the prize fund rate for Premium Bonds from 4.00% to 3.80% starting April 2025, resulting in fewer high-value prizes.
The odds of winning remain at 22,000 to 1.
NS&I also increased the Direct ISA rate to 3.50% but will lower rates on Direct Saver and Income Bonds.
These changes follow the Bank of England's base rate cut to 4.5%.
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NS&I reduce la tasa de premios Premium Bonds al 3,80%, afectando a los premios de alto valor, en medio de los cambios en la tasa de interés del Reino Unido.