HC Deb 11 March 2002 vol 381 c695W
Tim Loughton

To ask the Chancellor of the Exchequer if he will publish the yield rates on premium bonds in each of the last five years. [42311]

Ruth Kelly

The rate of interest used to calculate the size of the monthly premium bond prize fund is a variable rate that can be changed on giving three months' notice. The rates that have applied over the last five years are as follows:

Rate per annum (percentage) Effective from
4.75 1 May 1996
5.0 1 November 1997
4.5 1 March 1999
4.0 1 April 1999
3.25 1 June 1999
3.5 1January 2000
3.75 1 March 2000
4.0 1 May 2000
4.25 1 June 2000
4.0 1 April 2001
3.75 1 August 2001
3.5 1 September 2001
3.25 1 December 2001
2.9 1 February 2002
2.4 1 March 2002