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NS&I’s latest Quarterly Savings Survey has revealed that the steady rise in savings levels seen over the last year, from 7.42% of income saved in summer 2013 to 8.21% in spring 2014, came to an end in the summer. Britons are now saving 7.63% of their income each month.

NS&I will be discussing how Britons are changing the way they save at the Personal Finance Society’s regional conference being held at the Ivy Hill Hotel, Furze Hill, Chelmsford, on Wednesday 1 October. The event is open to members of the Personal Finance Society based in their Essex Region.

Recently, NS&I took the opportunity to pull the best of 150 years of history from our archive into a short series of five minute videos.

Through his four generations ERNIE has been allocating prizes since 1957 and making millionaires since 1994. This month NS&I paid its 300th £1 million jackpot prize.

In July NS&I increased the Premium Bonds investment limit from £30,000 to £40,000, and added a second £1 million jackpot prize to the draw. Therefore, since last month ERNIE now makes two lucky millionaires every month.

New research out today reveals that banks/building societies are at risk of bombarding customers with too much financial jargon – potentially losing their custom to a competitor because they simply don’t understand the language used by them.

NS&I today published its latest unaudited quarterly figures, for the first quarter (April-June 2014) of the financial year 2014-15.

In the 2014 Budget the Chancellor announced that NS&I would help support savers by increasing the Premium Bonds investment limit from £30,000 to £40,000, and by adding a second £1 million jackpot prize to the draw. Therefore, for the first time since March 2009, this month ERNIE has made two lucky millionaires!

Following the announcement in the 2014 Budget that NS&I would help support savers by increasing the Premium Bonds investment limit to £40,000, and increase the number of £1 million prizes from one to two, NS&I has announced that the Premium Bonds annual prize fund rate will increase from 1.30% to 1.35% from 1 August 2014.

The current savings outlook for Great Britain is more positive than spring last year, with NS&I’s Quarterly Savings Survey showing a 2 percentage point increase in the proportion of people who feel they are more likely to save over the next three months (spring 2014 18%; spring 2013 16%). Also, the number of people less likely to save has declined from 22% in spring 2013 to 18% in spring 2014.