NS&I confirms Premium Bonds change from September 1 with all holders warned

NewsCost Of LivingYour MoneyFrom September there will be more prizes up for grabs14:09, 26 Aug 2026From September there will be more prizes up for grabsA warning has been issued over Premium Bonds - despite National Savings and Investments (NS&I) boosting the prize rate. From September there will be more prizes up for grabs for the 22 million people who hold the Labour Party government-backed savings bonds.‌NS&I is increasing the prize fund rate – the proportion of the total invested amount paid out in prizes – from 3.8% to 4.35% a year with effect from September’s draw. It was previously upped from 3.3% to 3.8% with effect from July.‌But Caitlyn Eastell, an analyst at the data website Moneyfactscompare.co.uk, says despite the improved odds, premium bonds are a game of chance, and the 4.35