The prize fund rate for Premium Bonds will be cut from 3.80% to 3.60% for the August 2025 draw, with odds of winning remaining at 22,000 to 1, NS&I has announced today.
This will be disappointing news for the 24 million plus Premium Bond holders but the move isn’t surprising following the recent base rate cut and is in line with the general downwards movement of interest rates in the UK savings market.
| Current prize fund rate (from April 2025) | Current odds (from December 2024) | New prize fund rate (from August 2025) | Odds from August 2025 (no change) |
| 3.80% tax-free | 22,000 to 1 | 3.60% tax-free | 22,000 to 1 |
Number and value of Premium Bonds prize
| Value of prizes | Number and total value of prizes in June 2025 | Number and total value of prizes in August 2025 (estimate) |
| £1,000,000 | 2 | 2 |
| £100,000 | 79 | 75 |
| £50,000 | 159 | 151 |
| £25,000 | 317 | 302 |
| £10,000 | 792 | 754 |
| £5,000 | 1,585 | 1,507 |
| £1,000 | 16,649 | 15,869 |
| £500 | 49,947 | 47,607 |
| £100 | 1,853,552 | 1,687,680 |
| £50 | 1,853,552 | 1,687,680 |
| £25 | 2,197,831 | 2,569,568 |
| Total: | 5,974,465 £416,221,075 | 6,011,195 £396,738,700 |
