NS&I ANNOUNCES REDUCTION IN INTEREST RATES

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 the…

ERNIE SHARES THE LOVE THIS FEBRUARY WITH JACKPOT WINNERS IN SURREY AND NOTTINGHAM

ERNIE may be more machine than man, but that doesn’t mean he can’t help spread the love this February, with our two Premium Bonds jackpot winners in Surrey and Nottingham. The first eligible number drawn this month – 350ZA848545 – belongs to a woman living in Nottingham, who purchased her winning Bond just last year in January 2019. She has a total holding of £37,575 and becomes the seventh jackpot millionaire in Nottingham.

NS&I research shows that Generation Rent struggle to save, but not for want of trying

Nearly half (48%) of all young adults (18-34 age brackets) said a lack of disposable income affected their ability to save. Three quarters of 18-24 and 63% of 25-34 year olds cut on spending in order to save. Almost four in five (79%) of those with savings admitted to having to dip into their savings to cover their day-to-day living expenses. New research by NS&I has revealed that nearly one in four people in the UK (23%) have no savings at all. This comes despite 77% of people saying…

A million reasons to celebrate the twenties as Ernie picks the first two Premium Bonds winners of the decade

The new decade starts with a bang for two lucky Premium Bonds holders who have won this month’s jackpot of £1 million each. Agent Million surprised two new winners in Hertfordshire and Cheshire East to share the good news on New Year’s Day. The first number randomly selected by ERNIE – 244DT242763 – belongs to a man living in Hertfordshire who purchased his winning Bond in April 2015. He has a total holding of £40,000 in Premium Bonds and becomes the tenth jackpot millionaire from the county.

From a child millionaire to a technological leap – a year in the life of Premium Bonds

It’s been another great year for Premium Bonds. A new child millionaire, an upgrade for ERNIE, and several other new Premium Bonds features to make saving even more accessible and easier for all. We’ve rounded up some of the highlights from a busy 2019 for one of the nation’s favourite savings products.

Christmas comes early in Hampshire & Isle of Wight and Stockport for December’s Premium Bonds prize winners

There’s no winding down this Christmas for ERNIE, delivering an early £1 million Christmas present to two lucky winners – one in Stockport and the other in Hampshire & Isle of Wight – as part of December’s Premium Bonds draw.  This month’s first millionaire to receive the good news from Agent Million is a man based in Stockport. The winning Bond number is 309GV354472 and was purchased in August 2017. He has a total of £36,000 in Premium Bonds. 

NS&I PROVISIONAL Q2 2019-20 RESULTS

Q2 2019-20 Net Financing of £2.9 billion NS&I today published its un-audited quarterly results for the second quarter (July-September 2019) of the financial year 2019-20. NS&I delivered £2.9 billion of Net Financing in Q2 2019-20, giving a year-to-date total of £4.9 billion. The 2019 Spring Statement confirmed that NS&I’s 2019-20 Net Financing target is to deliver £11 billion, within a range of £8 billion to £14 billion.

Fireworks in Norwich and Cumbria as ERNIE generates November’s Premium Bonds prize winning numbers

Agent Million has knocked on doors in Norwich and Cumbria this month to surprise two lucky Premium Bonds holders with the £1 million jackpot. The first number randomly selected by ERNIE – 176LR488412 – belongs to a woman from Norwich who bought the winning Bond in December 2010. She has £10,600 invested in Premium Bonds and will become only the second jackpot millionaire from Norwich.

Treats not tricks for October’s Premium Bond jackpot winners in Dorset and Essex

Agent Million has treated October’s Premium Bonds jackpot prize winners in Dorset and Essex by surprising them with the £1 million windfall. ERNIE has made two Premium Bonds millionaires this month that are part of two very different investments. The first £1 million jackpot winner is a women from Dorset with the winning Bond number 312TX505194. She purchased her winning Bond only two years ago, in October 2017, and holds the £50,000 maximum in Premium Bonds. Agent Million has visited Dorset…

Saving government: Ian Ackerley, chief executive of National Savings & Investments

During the financial crisis, the UK government stepped in to nationalise some of the country's biggest banks; coming onto the public sector’s books, they joined a retail savings bank set up by the Treasury over 150 years ago. Matt Ross meets Ian Ackerley, chief executive of NS&I. Image courtesy: Brenna Duncan.