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Consumer right & wrongs, dictionary corner, advice to 18yr old self…
The Martin Lewis Podcast
The Premium Bond Prize Fund Rate Will Be Increased to 3%
From January the premium bond prize fund rate will be increased to 3%. That's higher than any current top easy access account is paying. The actual eligibility criteria are incredibly complicated so I'm just looking to filter through the main people who should be looking at this. Tomorrow we're likely to hear the UK base rate decision and it's expected that UK interest rates will go up from 3% to probably to 3.5%. But for anyone who does have premium bonds of course a rate rise is a good thing. To get the most out of them you need to have at least four grand in because with typical luck you are likely to win less than the published 3% prize fund rate.
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