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flag Premium Bonds' prize rate drops to 3.30% and odds worsen to 23,000 to 1 starting April 2026.

flag Starting April 2026, Premium Bonds will see their prize fund rate drop to 3.30% from 3.60%, and the odds of winning a prize will worsen to 23,000 to 1 from 22,000 to 1. flag NS&I cited shifting market conditions and the need for long-term financial sustainability. flag While the number of top prizes will decrease, the £1 million prizes will remain at two. flag The April draw is expected to award around £375 million in prizes across nearly six million tax-free winners. flag The changes apply to all holders and require no action.

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