Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleCopy linkNS&I has announced improved odds for winning Premium Bonds prizes, shortening to 22,000 to one from 23,000 to one for each £1 bond, effective from the July draw. This change is expected to result in 322,000 additional prizes in July, increasing the prize pot by over £60 million, including more £100,000, £50,000 and £25,000 prizes. Alongside the Premium Bonds update, NS&I has also increased variable interest rates across several savings products, including Direct Saver, Income Bonds, Direct Isas, and Junior Isas. Finance experts note that while NS&I's rate increases are welcome, their savings rates remain below the market's top offerings, with some easy access accounts exceeding 4% and fixed accounts over 4.50%. Experts advise savers to review their options, as the broader economic climate suggests interest rates may remain higher for longer, potentially leading to further rate adjustments in the savings market. In fullPremium Bonds prizes raised by NS&I - but how do they compare with the best savings accounts?Thank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in