The total value of the prize pot will reduce from April, but the odds of winning will remain the same, at 22,000 to one.
The Premium Bonds prize fund rate will decrease from 4.00% to 3.80% starting April, though the odds of winning remain at 22,000 to one. Major prizes like £100,000, £50,000, £25,000, and £10,000 will have fewer winners, while £25 prizes will increase. The total prize pot drops from £430 million to £411 million, with around 5.9 million prizes. NS&I also lowered interest rates on Direct Saver and Income Bonds. Experts suggest these changes may affect savers' returns, especially with inflation, and recommend exploring other savings options.
