MoneySavingExpert.com homepage
Cutting your costs, fighting your corner
Founder, Martin Lewis · Editor-in-Chief, Marcus Herbert
Search bar closed.
MoneySavingExpert News

Premium Bonds

Piles of gold in a cavern.
Nearly 2.5 million Premium Bond prizes worth a combined £92 million remain unclaimed, according to the latest figures. Most bondholders now get prizes paid automatically, though this may not be the case if you have older bonds. Plus, prizes paid by cheque may be unclaimed if you haven't kept your address up to date or simply forgot to cash them in.
17 December 2024
Hand holding a smartphone showing the NS&I Premium Bonds prize checker app
NS&I will cut its Premium Bond prize-fund rate to 4% from 4.15% for the January 2025 draw and beyond. But this rate was already lagging behind interest rates on standard savings accounts – so if you're a bondholder, you may want to consider moving your cash to an interest-paying account.
26 November 2024
A person holding a mobile phone. Its screen displays the NS&I mobile app, which shows that they have just invested in Premium Bonds.
Premium Bond holders will see NS&I's prize-fund rate fall to 4.15% from 4.4% for its December 2024 draw and beyond. But if you're a bondholder, you may want to consider moving your cash to an interest-paying account now as the interest rate is already lagging behind rates on standard savings accounts.
22 October 2024
NS&I to cut the Premium Bond prize rate to 4.4%.
NS&I will decrease its Premium Bond prize-fund rate to 4.4% from 4.65% for its March 2024 draw and beyond. But this rate was already lagging behind interest rates on standard savings accounts – so if you're a bondholder, you may now want to consider moving your cash to an interest-paying account.
23 January 2024
gold-pot-hero.jpg
More than two million Premium Bond prizes worth a combined £81 million remain unclaimed, according to the latest figures. Most bondholders now get prizes paid automatically, though this may not be the case if you have older bonds. Plus, prizes paid by cheque may be unclaimed if you haven't kept your address up to date or simply forgot to cash them in. See what's unclaimed, plus how to check if you've missed a win.
12 December 2023
NS&I to increase the Premium Bond prize rate to 1.4%
NS&I will increase its Premium Bond prize-fund rate to 4.65% from 4% for its September 2023 draw and beyond, with an extra £66 million in prizes up for grabs. This latest increase – the eighth we've seen in just over a year – is to the highest rate since March 1999. The odds of winning will also increase from 22,000 to one to 21,000 to one.
15 August 2023
igd-hero-premium-bonds-checker-nsandi.jpg
NS&I will increase its Premium Bond prize-fund rate to 4% from 3.7% for its August 2023 draw and beyond, with an extra £30 million in prizes up for grabs. This latest increase – the seventh we've seen in just over a year – is to the highest rate since 2007. The odds of winning will also increase from 24,000 to one to 22,000 to one. 
11 July 2023
NS&I to increase the Premium Bond prize rate to 1.4%
NS&I will increase its Premium Bond prize-fund rate to 3.7% from 3.3% for its July 2023 draw and beyond, with an extra £39 million in higher-value prizes up for grabs. This latest increase – the sixth we've seen in just over a year – is to the highest rate in 15 years. The odds of winning will remain the same at 24,000 to one, but there will more prizes between £50 and £100,000 available.
26 June 2023
NS&I to increase the Premium Bond prize rate to 1.4%
NS&I will increase its Premium Bond prize-fund rate to 3.3% from 3.15% for its March 2023 draw and beyond, with an extra £15 million in higher-value prizes up for grabs. The odds of winning will remain the same at 24,000-to-one, but there will more prizes between £50 and £100,000 available.
14 February 2023
NS&I to increase the Premium Bond prize rate to 1.4%
NS&I will increase its Premium Bond prize-fund rate to 3.15% from 3% for its February 2023 draw and beyond, with an extra £15 million in higher-value prizes up for grabs. The odds of winning will remain the same at 24,000-to-one, but there will more prizes between £50 and £100,000 available.
24 January 2023

Suggest a story

Got a money-related news story that affects you? Email us

MSE Email icon 4 February 2025

For all the latest deals, guides and loopholes simply sign up today - it’s spam free!

Add £1,000s to your pension
Martin's 16 pension boosters
Car insurance 16% cheaper
Don't settle at renewal
New cheapest loan
Now under 6%
Delay EV road tax
With our trick
Barclays outage help
How to reclaim
20 Walkers 90p
With our code
Sky TV price hikes
Your rights explained
Tools and calculators

Clever ways to calculate your finances

Find your odds of getting top cards
Find your odds for getting a cheap loan
Compare broadband, phone & TV deals
Compares thousands of mortgages
Eight calcs to help you work out the cost
We ensure you’re on the cheapest tariff