Premium Bonds savers warned as NS&I rule may mean more rate cuts | Personal Finance | Finance

Premium Bonds savers frustrated to be hit with another cut in the prize fund rate have been warned further drops could be on the way.NS&I announced recently the prize fund rate will fall from the current 3.8 percent down to 3.6 percent from the August draw. This means the total amount paid out will be lower relative to the total amount of Bonds that go into the monthly draw.The odds of winning for each £1 Bond will remain at the current 22,000 to one but should you bag a prize, there will..