Premium Bonds: NS&I announces November 2020 winners in final draw before prize rate cuts | Personal Finance | Finance
Currently, the odds of winning per £1 Bond number stand at 24,500 to one, with this changing to 34,500 to one.
Ian Ackerley, NS&I Chief Executive, said: “Reducing interest rates is always a difficult decision.
“In April we cancelled interest rate reductions announced in February and scheduled for May 1.
“Given successive reductions in the Bank of England base rate in March, and subsequent reductions in interest rates by other providers, several of our products have become ‘best buy’ and we have experienced extremely high demand as a consequence.