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Premium Bonds prize fund rate to increase to 3.70%, its highest rate in 15 years Junior ISA interest rate increased to 3.65%, benefitting 89,000 young savers The Premium Bonds prize fund rate will reach a 15-year high from the July prize draw, with NS&I announcing that it will increase to 3.70% from 3.30%. The changes will see an additional £39 million in prizes available for Bondholders.

More than 333,000 NS&I Direct ISA customers are set to benefit from today, with the interest rate NS&I pays on the account increasing from 2.15% tax-free/AER to 2.40% tax-free/AER. The increase to the interest rate paid on NS&I’s Direct ISA follows upwards changes made to Premium Bonds, Income Bonds and Direct Saver earlier this year. In February this year, NS&I also brought one-year Guaranteed Growth Bonds and Guaranteed Income Bonds back on sale.

  • Premium Bonds prize fund rate increases to 3.30% from March 2023 draw • Fifth prize fund rate increase for Premium Bonds in the last year • Interest rate increases for Direct Saver and Income Bonds to 2.85% with immediate effect   The Premium Bonds prize fund rate is increasing to 3.30%, up from 3.15%, effective from next month’s draw, meaning around £15 million more in prizes up for grabs.

  New NS&I Green Savings Bonds Issue released today at a fixed-rate of 4.20% gross/AER over a three-year term Money invested in Green Savings Bonds will help finance green projects as part of the UK Government Green Financing Framework A new Issue of NS&I’s Green Savings Bonds has been released today paying 4.20% gross/AER fixed-rate over a three-year term. Savers putting money into Green Savings Bonds will be helping fund vital green projects across the UK as part of the UK…

Millions of pounds more in Premium Bonds prizes will be up for grabs from next month as NS&I increases the prize fund rate from 1.40% to 2.20%, adding an expected £76 million to the prize fund for October. The changes will see the number of £5,000, £10,000, £25,000, £50,000 and £100,000 prizes almost double. There will also be 19 times as many £50 and £100 prizes paid out from October. The odds of each £1 Premium Bond number winning a prize will also improve from 24,500 to 1 to 24,000 to 1.

Third Issue of Green Savings Bonds at a fixed-rate of 3.00% gross/AER over a three-year term Money invest in Green Savings Bonds will help finance green projects as part of the UK Government Green Financing Framework Savers can help fund vital green projects across the UK while earning an improved rate of interest from today, with the third Issue of NS&I’s Green Savings Bonds paying 3.00% gross/AER fixed-rate over a three-year term.

NS&I will increase the Premium Bonds prize fund rate from 1.00% to 1.40%, effective from the June 2022 Premium Bonds prize draw. The odds of each £1 Premium Bond number winning a Premium Bonds prize will also change from 34,500 to 1 to 24,500 to 1. The increased prize fund rate will see an estimated additional 1.4 million prizes paid out in the June Premium Bonds prize draw.

NS&I has announced that it will be increasing the interest rates on its Direct ISA, Direct Saver and Income Bonds to 0.35% on 29 December 2021. The interest rate on Direct Saver and Income Bonds will be increased by 20 basis points, from 0.15% gross/AER to 0.35% gross/AER. The interest rate on Direct ISA will be increased by 25 basis points, from 0.10% tax-free/AER to 0.35% tax-free/AER.

NS&I must strike a balance between the interests of savers, taxpayers and the broader financial services sector. Changes will ensure NS&I’s interest rates are aligned appropriately against those of competitors. Interest rate reductions will apply to variable rate and some fixed term savings products, effective from 24 November 2020 – with changes to the Premium Bonds prize-fund rate effective for the December 2020 prize draw. NS&I today announced interest rate reductions,…

NS&I today announces interest rate reductions across its fixed and variable savings products, effective from 1 May 2020 Changes will ensure NS&I’s interest rates are positioned appropriately against those of its competitors and help NS&I to strike a balance between the needs of its savers, taxpayers and broader market stability The interest rate changes, effective from 1 May 2020, reflect the fact that due to exceptionally low gilt yields, the measure NS&I uses for tracking…