Premium Bonds holders will see a boost to the prize fund rate to 4.35%, up from 3.80%, for the September 2026 draw.

NS&I has hit back at research from Octopus Money published earlier this week which made claims about many Premium Bond holdings having 'no activity'.

More than £6.3bn has been held in Premium Bond accounts with no deposits, withdrawals or updated contact details for ten years, according to new data obtained through an FOI request.

The Premium Bond prize fund rate will be reduced for the third time this year, falling from 3.8% to 3.6% from the August draw.

NS&I will cut rates on some of its variable products from next month and the Premium Bonds prize fund rate from the April draw.

The Premium Bonds prize fund rate will fall from 4.15% to 4% from the January 2025 draw, although the odds of winning will remain at 22,000 to 1.