NS&I has announced significant changes to its Premium Bonds scheme that will affect how much money savers can expect to win. Starting in April 2026, the prize fund rate for Premium Bonds will decrease from 3.6% to 3.3%, and the odds of winning for each £1 Bond will worsen from 22,000 to one to 23,000 to one. This change comes on the heels of another recent announcement about a cut in the overall prize fund, leaving many customers feeling concerned about the future of their investments.