One jackpot winner has had Premium Bonds since they were a child, as NS&I will make gifting to children more accessible
NS&I also reduces minimum investment to £25 by end of March 2019
Premium Bonds pay out more than £90 million worth of prizes in a month for the first time in ten years
Trick or treating may be over, but two lucky Premium Bonds holders have had one more visitor knocking at their door.
As confirmed in today’s Autumn Budget (29 October 2018), NS&I has announced several future enhancements to Premium Bonds, which will encourage a stronger savings habit and boost the opportunity for young people to save.
Today’s Autumn Budget has confirmed that NS&I’s Net Financing target for 2018-19 has been revised to £9 billion (in a range of £3 billion either side of this, from £6 billion to £12 billion). NS&I’s original target for 2018-19 was £6 billion (in a range of £3 billion either side of this, from £3 billion to £9 billion).
Customers will continue to benefit from inflation beating returns, tax-free interest and the 100% security that comes with NS&I products.
From 1 May 2019, existing holders of Index-linked Savings Certificates who renew into a new term will receive index-linking based on the Consumer Prices Index (CPI) measure of inflation, rather than the Retail Prices Index (RPI).
While losing money is common, with those prone to misplacing things often finding spare change in pockets (66%), bags (37%) and drawers/cupboards (34%), new research from NS&I reveals that 14% of Britons (7 million people) think they may have lost track of a financial product.
NS&I’s latest edition of its Financial Advice Barometer indicates that while security remains the top priority for advisers’ clients (55%), there has been a drop of 10 percentage points, from 14% in January 2018 to 4% in April 2018, in those citing income (regular and consistent returns) as the most important priority.
Two lucky Premium Bonds holders, from Essex and Northamptonshire respectively, have scooped September’s top prizes toasting the end of summer with a £1 million tax-free prize.
The pair become the 393rd and 394th Premium Bond holders to scoop the jackpot since the £1 million prize was introduced.