Latest news

Delivering cost-effective debt financing to the Government remains NS&I’s core objective. At the March 2017 Budget, our Net Financing target for 2017–18 was set at £13 billion (in a range of £10 billion to £16 billion).

NS&I is reducing the interest rate on its Direct ISA by 25 basis points from 1.00% tax-free/AER to 0.75% tax-free/AER from 24 September 2018. The decision to reduce the interest rate on Direct ISA was taken in order to deliver positive value for taxpayers.

Tax-Free Childcare is a new government policy led by HM Revenue and Customs (HMRC), which offers financial support for childcare for working parents. Thirty hours free childcare is a Department for Education (DfE) policy and an extension for working families of the existing 15 hours free childcare for three and four year olds in England.

Think Ahead has been a successful strategy. Since the start of 2014–15, we have delivered more than £50 billion in Net Financing for the Government; and cumulative savings of more than £780 million for taxpayers, as shown by the Value Indicator.

July 2018 will be known for some of the biggest sporting events in the calendar, however two lucky Premium Bond holders have scored the top prizes in this month’s Premium Bonds prize draw. 

2017–18 has been a very successful year for NS&I. The organisation met all of its performance targets and raised £9.8 billion in Net Financing for the Government (against a final target of £8 billion in a range of £5 billion to £11 billion).

NS&I today announced its 2017-18 annual results for the year to 31 March 2018 and launched its new business strategy: Inspire & Invest.

NS&I is reducing the maximum purchase limit for new sales of 1 and 3-year terms of Guaranteed Growth Bonds and Guaranteed Income Bonds, from £1 million to £10,000 (£20,000 jointly) from today (11 June 2018).

A man from Hereford and Worcester, and a woman from Essex are celebrating the first official day of Summer as they have scooped the £1 million jackpot prizes in June’s Premium Bonds draw.

Two women from Wiltshire and Barnet have had a May Day to remember as they have scooped the £1 million jackpot prizes in May’s Premium Bonds draw.