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What are your chances of winning a large jackpot in either Premium Bonds or a lottery draw? The notional interest rate earned by the £60 billion of Premium bonds which pays the prize fund is to be cut from 1.35% to 1.25% from the June draw, so the chances of winning per bond each month will be cut from 1:26,000 to 1:30,000. Jonquil Lowe Lecturer in Personal Finance at The Open University joins Paul Lewis to discuss. First broadcast on Money Box, 3 April 2016.
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