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flag NS&I may boost Premium Bond rates to retain saver interest amid growing competition.

flag National Savings and Investments (NS&I) may increase the prize fund rate on Premium Bonds after recent reductions, including a drop to 3.8% in April. flag This potential change follows NS&I raising rates on other British Savings Bonds and reintroducing discontinued products. flag Financial experts predict the move could help retain interest in Premium Bonds as competition from other savings products grows.

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