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Get A Chance To Win Big With Bons Casino India! – The prize pool is set to be reduced. to reduce bondholders’ chances of winning

And to reduce the overall size of the prize pool, it is likely that half of the €50 per week prize will be paid in prize bonds.

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Instead of paying interest to those who invest in them. The Reward Fixed Income System takes part of the investment into the total prize pool. Of these, a small percentage will be awarded.

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The National Treasury Management Agency (NTMA), which issues prize bonds, said it was reducing the size of the prize money to 0.5 percent of the money invested next month from 0.85 percent previously.

More than 3 billion euros are currently being invested in bond prices. The volume of bond investments has increased compared to the previous year.

Reducing the award share of the payout fund will mean that total payouts for the year will be reduced to around €15.5m.

The NTMA said the weekly top prize will remain at €50,000, except for the final weekly prize draws in June and December. The top prize is €1 million.

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10 prizes worth 1000 euros and 10 prizes worth 500 euros will continue each week. The remainder of the weekly prize pool will be awarded €50.

Until now Four prizes worth €1 million are awarded each year. since August There will be two prizes worth €1m per year. Another £80m will be available next month after the NS&I shake-up, but the odds of winning are 24,000-1.

There’s some good news for UK premium bondholders this week: many more prizes will be up for grabs from next month.

The prize bank change means there will be prizes of £100,000, £50,000, £25,000, £10,000 and £5,000 in January, three times more than there were this month.

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But are premium bonds a good solution or a waste of time? Is it better than saving in a bank and saving in a building? (If you have money to spare, that is.)

Premium bonds position themselves as the best bet – if you lose, you get your money back.

Sarah Coles, a senior personal finance analyst at investment firm Hargreaves Lansdown, said the change was «a big improvement.» “A smart move at a time when we know people are looking for solutions to the financial impasse they find themselves in.”

He added: «We know prize draws are more attractive during times like this, so premium bonds are positioning themselves as the final gamble – if you lose, they give you your money back.»

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However, it’s important to note a significant disadvantage of premium bonds in the current situation: they don’t pay interest. Therefore, it is more vulnerable to inflation than other savings.

And while you might get lucky and win a life-changing sum of money, There is no guarantee that you will win any prizes.

When you buy premium bonds You will be entered into a monthly prize draw. You can win prizes between £25 and £1 million tax-free.

National Savings and Investments (NS&I) has announced premium bond fund rates. This is the share of the total amount invested as a reward, rising from 2.2% to 3% next month.

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The chances of winning with the £1 bond number remain the same at 24,000-1, but NS&I has increased the higher value prize pool and reduced the £25 prize pool.

As a result, the £100,000 prize pool will increase from the 18th this month to the 56th in January. while the £50,000 prize amount will increase from 36 to 112.

NS&I said premium bond rates will increase from 2.2% to 3% next month. Photo: Mark Richardson/Alamy.

Meanwhile, there will be £223.25,000 prizes, up from 71 this month. while the £10,000 prize amount will increase from 178 to 559 and the £5,000 prize from 359 to 1,118.

Ns&i To Increase The Premium Bond Prize Rate To 3%

However, the £1m winning amount will not change – it will remain twice a month.

The new jackpot rate of 3% is higher than the highest rate on easy access savings accounts earlier this week (2.9%), according to financial data provider Moneyfacts’ Best Buy table.

Still, Coles said people need to keep in mind that the odds of winning are still 24,000-1, «so the average person with moderate luck won’t win anything yet.»

He added: «Putting your money into bonds. You are forsaking any interest. that you might get with your money elsewhere.»

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But what will be very comforting is the fact that premium bonds provide. NS&I, which has 25 million customers, is backed by the Treasury.

According to Martin Lewis of MoneySavingExpert.com Although the fund price increase is good news. But most people’s chances of winning are still quite low.

He adds: “For the vast majority of moderate savers who don’t pay taxes on their savings interest It is likely that ordinary savings will continue to yield better than premium bonds. because savings pay a fixed interest rate’

If you are looking for guaranteed returns or want a regular income. Premium bonds are not the way to go. However, some may think that savings rates are boring. They might be happy with a little cash.

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Even for as low as £25, it earns more interest than someone earns in a year on their savings account.

The minimum investment in premium bonds is £25 and you can buy them until they reach a maximum value of £50,000.

You can see if you are the lucky winner of the prize draw using the prize checker on the NS&I website or the prize checker app. Or by asking Alexa, we use cookies to make it great. By using our site, you agree to our cookie policy. cookie settings

This article was co-authored by Staff. Our trained team of editors and researchers will review the article for accuracy and completeness. The content management team carefully reviews the work of our editorial staff to ensure that each article is backed by credible research and meets our high quality standards.

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This article was co-authored by Staff. Our trained team of editors and researchers will review the article for accuracy and completeness. The content management team carefully reviews the work of our editorial staff to ensure that each article is backed by credible research and meets our high quality standards. This article has been viewed 2,263,985 times.

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