National Savings & Investments has hiked the prize fund rate on Premium Bonds again, as well as increasing the interest rate on five of its savings accounts.
The prize fund rate will rise from 4% to 4.65% in the September draw, reaching its highest level in 24 years. The government-backed savings organisation will add £66 million to the Premium Bond prize pot.
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How many premium bond prizes are there?
Number and value of Premium Bond prizes
| Value of prizes in August 2023 | Number of prizes in August 2023 | Value of prizes in September 2023 (estimated) | Number of prizes in September 2023 (estimated) |
|---|---|---|---|
| £1,000,000 | 2 | £1,000,000 | 2 |
| £100,000 | 77 | £100,000 | 90 |
| £50,000 | 154 | £50,000 | 181 |
| £25,000 | 307 | £25,000 | 360 |
| £10,000 | 769 | £10,000 | 902 |
| £5,000 | 1,538 | £5,000 | 1,803 |
| £1,000 | 16,182 | £1,000 | 18,832 |
| £500 | 48,546 | £500 | 56,496 |
| £100 | 1,874,218 | £100 | 2,339,817 |
| £50 | 1,874,218 | £50 | 2,339,817 |
| £25 | 1,700,728 | £25 | 1,027,604 |
| Total£404,560,900 | Total5,516,739 | Total£470,827,650 | Total5,785,904 |
How has the premium bond prize fund changed?
| Prize draw | Premium Bond prize fund rate | Increase from previous month | Odds per £1 Bond unit |
|---|---|---|---|
| Sep 2023 | 4.65% | 0.65% | 21,000 to 1 |
| Aug 2023 | 4.00% | 0.30% | 22,000 to 1 |
| Jul 2023 | 3.70% | 0.40% | 24,000 to 1 |
| Mar 2023 | 3.30% | 0.15% | 24,000 to 1 |
| Feb 2023 | 3.15% | 0.15% | 24,000 to 1 |
| Jan 2023 | 3.00% | 0.80% | 24,000 to 1 |
| Oct 2022 | 2.20% | 0.80% | 24,000 to 1 |
| Jun 2022 | 1.40% | 0.40% | 24,500 to 1 |
Which NS&I savings accounts are changing?
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