Money
How Premium Bonds Prizes Work: Odds, Rate and Tax
Premium Bonds pay prizes rather than interest. Here is how the monthly prize fund is split, what the 4.35% prize fund rate and 21,000 to 1 odds mean, and what to expect.
How money works day to day — cash, saving, spending and household finances.
Premium Bonds pay prizes rather than interest. Here is how the monthly prize fund is split, what the 4.35% prize fund rate and 21,000 to 1 odds mean, and what to expect.