Tuesday 24 May 2022 05:58 PM Premium Bonds offer an extra 1.4m tax free prizes a month from June trends now
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NS&I's Premium Bonds prize funds rate is to become more generous, with savers having the chance to win an additional 1.4 million tax-free prizes each month.
The Premium Bonds prize fund rate will increase from 1.00 per cent to 1.40 per cent from June 2022.
The odds of each £1 Premium Bond number winning a prize will improve from 34,500 to one to 24,500 to one.
The increased prize fund rate will see an estimated additional 1.4 million prizes paid out in the June draw.
The chance of winning a monthly Premium Bond prize worth between £25 and £1,000,000. From June, there will be 10 prizes of £100,000, an increase in four from May
Kathleen Carr from Kent, pictured here in 2007, won a £500 prize in the first ever Premium Bond draw in 1957
The numbers were drawn randomly during the 1960s and 1970s using a machine called Ernie
The changes will mean that, for example, there will be an estimated 10 £100,000 prizes in June, up from six in May.
There will be an estimated 19 £50,000 prizes in June, up from
