NS&I reduces prize fund rate and lengthens odds for Premium Bonds
Changes come into effect from April 2026 drawPrize fund rate will be 3.30%, and odds 23,000 to 1Around £375 million in tax-free prizes expected to be paid out in April 2026First change to prize fund rate since August 2025NS&I is reducing the Premium Bonds prize fund rate to 3.30% with effect from the April 2026 draw, down from 3.6