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Story summary
- National Savings and Investments will cut Premium Bond prize rates from 3.6% to 3.3% and lengthen the odds of winning from 1 in 22,000 to 1 in 23,000, starting in April 2026.
- The change will reduce the number of £50,000 prizes by 11 and £5,000 prizes by 129.
- Experts say savers may find better returns in easy access savings accounts or cash ISAs, making Premium Bonds less competitive.
