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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.

For the July 2014 draw ERNIE paid out over 1.8 million prizes, together amounting to over £51 million in value.

From 1 July 2014, savers will be able to take advantage of the government’s increase to ISA limits announced in the March Budget.

NS&I today announced its annual results for the year to 31 March 2014.

The Financial Secretary to HM Treasury has appointed Cheryl Millington as an independent Non-executive Director on the board of NS&I with effect from 1 July 2014. 

NS&I has launched a new service for NS&I customers to enable them to have payments from NS&I made directly to an international bank account in their own name. 

For the June 2014 draw ERNIE paid out over 1.8 million prizes, together amounting to over £51 million in value. There were 47,842,567,640 eligible Bond numbers in the draw. In Kent there are over 685,000 Premium Bonds holdings worth more than £1.7 billion.

From Sunday 1 June 2014 the amount that customers can invest in Premium Bonds will increase to £40,000, up from the current maximum of £30,000. As customers increase their investment above £30,000, it will give them more chances to win tax-free prizes from ERNIE.

For the May 2014 draw ERNIE paid out over 1.8 million prizes, together amounting to over £51 million in value. There were 47,646,439,503 eligible Bond numbers in the draw. In Gloucestershire there are over 250,000 Premium Bonds holdings worth more than £600 million.