Property News · February 7, 2017

Not so happy days: NS&I slashes premium bonds prize pot


Britain’s 21 million bond holders will have same chances but be more likely to win smaller sums in cut to ‘prize fund rate’Having a flutter on the premium bonds is about to get less attractive following a decision to slash the total prize pot. Under the changes, the chances of winning some cash will stay the same, but there will now be a lot more £25 prizes on offer and fewer £100,000, £25,000, £10,000, £5,000 and £1,000 ones.The announcement that the “prize fund rate” – the proportion of the total amount invested paid out in prizes – is being reduced from 1.25% to 1.15% deals a blow to Britain’s 21 million-strong army of premium bond holders. Continue reading…

Source : theguardian.com
Read more…Not so happy days: NS&I slashes premium bonds prize pot

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