challengerbanks on Gloucestershire Dailyhttps://gloucestershiredaily.co.uk/tags/challengerbanks/Recent content in challengerbanks on Gloucestershire DailyHugo -- gohugo.ioen-usSun, 17 May 2026 03:22:00 +0000Premium Bonds Update: Key Changes and What They Mean for Savershttps://gloucestershiredaily.co.uk/premium-bonds-update-key-changes-and-what-they-mean-for-savers/Sun, 17 May 2026 03:22:00 +0000https://gloucestershiredaily.co.uk/premium-bonds-update-key-changes-and-what-they-mean-for-savers/Premium Bonds remain a popular choice for savers seeking a chance at substantial monthly prizes, including jackpots of up to £1 million. Each £1 Bond you hold is entered into a monthly prize draw with an equal chance of winning, though the odds and prize structure have recently shifted. From April, NS&I adjusted the odds of winning, increasing from 1 in 22,000 to 1 in 23,000 per £1 Bond. Simultaneously, the prize fund rate decreased from 3.