It’s been another bumper year in Premium Bonds, with 24 more millionaires crowned during 2018. Here’s a round-up of some of the big moments, many of which were thanks to input from our customers.
At NS&I we have a strong heritage and legacy, built up over more than 150 years. While our legacy includes a strong and much-loved brand, and 25 million customers, it also includes paper-based processes and IT systems developed in a time before digital as we now know it.
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.
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).