Premium Bonds odds boost as NS&I ‘pulling out all the stops’

NS&I has revealed it will make changes to Premium Bonds from September in a boost to players. The savings giant said the odds will shorten to 21,000 to one, from 22,000 to one.The prize fund rate will increase for the September draw to 4.35%, up from 3.80%.Compared with the August draw, it is estimated there will be more than 308,000 further prizes in September, with the prize pot increasing by around £63 million to more than £497 million.There are expected to be 12 additional £100,000 prizes, 27 more £50,000 prizes and an extra 51 £25,000 prizes next month.The estimated number of £1 million prizes the 22 million-plus Premium Bond holders can potentially win will remain the same, at two.While the number of prizes is increasing, there will be fewer chances to win small £25 prizes in Septemb