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NS&I has increased the interest rates on its Direct Saver and Income Bonds to 0.50%, from today (10 February 2022). The interest rate on both Direct Saver and Income Bonds has increased by 15 basis points, with the interest paid on both accounts changing from 0.35% gross/AER to 0.50% gross/AER.

Fresh from spreading New Year cheer, ERNIE begins February 2022 with two new Premium Bonds millionaires from Leeds and Essex. The first Bond number drawn was 193NH145072 and belongs to a winner in Leeds. The jackpot winner holds £20,002 in Premium Bonds and purchased the winning Bond in June 2012. They become the fourth millionaire chosen by ERNIE from Leeds.

2022 begins with two Premium Bonds millionaires from Hertfordshire and Lancashire. The first Bond number drawn was 258VJ570205 and belongs to a winner in Hertfordshire. The jackpot winner holds £50,000 in Premium Bonds and purchased the winning Bond in October 2015. They become the fourteenth millionaire chosen by ERNIE from Hertfordshire.

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.

December’s Premium Bonds millionaires come from West Sussex and Lancashire, as ERNIE picks a Premium Bonds jackpot winner from his home county for the first time since September 2016. The first Bond number drawn was 306VK958372 and belongs to a winner based in West Sussex. The jackpot winner holds £46,000 in Premium Bonds and purchased the winning Bond in July 2017. They become the ninth millionaire chosen by ERNIE from West Sussex.

NS&I has today increased the interest rate on its Income Bonds by 14 basis points, from 0.01% gross/AER to 0.15% gross/AER. This change aligns the interest rate for Income Bonds with the interest rate for NS&I’s Direct Saver account. The decision to increase the interest rate on Income Bonds is in line with NS&I’s operating framework to balance the interests of savers, taxpayers and the broader financial services sector. Product Previous interest rate

HM Treasury can announce today that Nina Hingorani-Crain has been appointed as a Non-Executive Director to the Board of National Savings & Investments (NS&I).

Today is a momentous day for Premium Bonds as it marks 65 years to the day that the product first went on sale. On the 65th anniversary, ERNIE, the random number generator, has selected two millionaires, both from Bristol. The first number drawn by ERNIE was 332GB855665, belonging to the winner who holds a total of £38,000 in Premium Bonds. The winning Bond was purchased in June 2018. 209DZ100774 was the second Bond number drawn. The winning Bond was purchased in July 2013 and the winner…

Monday 1 November 2021 marks 65 years since the first Premium Bond was bought A record 113,081,411,333 Bonds were in the October prize draw A total of 538 million prizes have now been paid out 65 years ago on Monday (1 November), the then Lord Mayor of London, Alderman Sir Cuthbert Ackroyd, visited a Post Office and purchased the very first Premium Bond. Little did he know that he was starting a savings revolution.

Q2 2021-22 Net Financing of £0.8 billion Half-year Net Financing total of £0.6 billion, against a whole-year target of £6 billion, in a range of £3 billion to £9 billion NS&I delivered £21 million of savings to the taxpayer in Q2 2021-22, as measured by the Value Indicator NS&I today published its latest unaudited quarterly figures, for the second quarter (July-September 2021) of the financial year 2021-22. NS&I delivered £0.8 billion of Net Financing in Q2 2020-21, giving a year-…