Overview

• NS&I confirmed the prize fund rate will fall to 3.6% from the August 2025 draw, marking the third reduction this year.
• The odds of winning a prize stay at one per 22,000 entries despite a decision to scale back allocations of large prizes.
• Estimated quarterly allocations of £100,000 prizes will decrease from 79 to 75 and £50,000 prizes from 159 to 151, while the number of £1 million prizes remains at two.
• July’s draw still produced two £1 million winners in Norwich and Nottingham, highlighting continued saver engagement.
• Financial advisers now recommend easy-access and cash ISA accounts offering above-4% guaranteed returns for most savers.