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Premium Bond savers are set for even better payouts after National Savings & Investments (NS&I) raised its prize fund to 3.3 per cent starting from its draw next month.
It is a significant rise from the last issue in August 2022, which paid 3% interest, and follows disappointing take-up since the bonds launched.
By Ed Magnus for Thisismoney.co.uk
Money invested in the bonds will help to finance green projects, such as preventing pollution and using energy more efficiently, NS&I said.
NS&I has boosted the rate on its Green Savings Bonds as it plays catch up to the savings market