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Premium Bonds prize fund rate to increase to 3.70%, its highest rate in 15 years Junior ISA interest rate increased to 3.65%, benefitting 89,000 young savers The Premium Bonds prize fund rate will reach a 15-year high from the July prize draw, with NS&I announcing that it will increase to 3.70% from 3.30%. The changes will see an additional £39 million in prizes available for Bondholders.

  In the month that marks 66 years since the first Premium Bonds prize draw on 1 June 1957, this month’s Premium Bonds winners come from Essex and South Gloucestershire. Since that first draw in 1957, over 626 million prizes worth £26 billion have been paid out. This month, the first Bond number drawn was 083TX260795 and is held by a winner based in Essex. The winner holds £42,050 in Premium Bonds and purchased their winning Bond in July 2005. This win makes them the twenty-first…

  ‘Pay by bank account’ introduced for NS&I’s online customers New secure way to add funds to Premium Bonds and easy-access savings accounts Gradual roll out for online customers NS&I’s online customers wishing to top up their Premium Bonds and other easy-access savings accounts will shortly start noticing a new payment method, Pay by bank account, appearing in their payment options.

More than 333,000 NS&I Direct ISA customers are set to benefit from today, with the interest rate NS&I pays on the account increasing from 2.15% tax-free/AER to 2.40% tax-free/AER. The increase to the interest rate paid on NS&I’s Direct ISA follows upwards changes made to Premium Bonds, Income Bonds and Direct Saver earlier this year. In February this year, NS&I also brought one-year Guaranteed Growth Bonds and Guaranteed Income Bonds back on sale.

This month’s £1 million Premium Bonds jackpot winners come from Nottingham and Sefton, with Agent Million visiting both winners in person to let them know about their life-changing win. The first Bond number drawn was 350FG197341 and it belongs to a winner based in Nottingham. This winner purchased their winning Bond in January 2019 and holds £50,000 in Premium Bonds. The second £1 million jackpot winner is based in Sefton, Merseyside. Their winning Bond number is 371JL524811 and it was…

The Chancellor of the Exchequer has appointed Dax Harkins as the new Chief Executive of National Savings and Investments (NS&I). Mr Harkins has been the Acting Chief Executive since March 2023 and was given the role on a permanent basis after an open recruitment exercise – in line with the Civil Service Commission’s recruitment principles and procedures.

  It was no April Fool’s this month when Agent Million visited two Premium Bonds holders in Somerset and Croydon to let them know that they had won the jackpot prize of £1 million. The first Bond number drawn was 236TZ340702 and is held by a winner based in Somerset. The winner holds £50,000 in Premium Bonds and purchased their winning Bond in December 2014. April’s second Premium Bonds millionaire is based in Croydon and holds Bond number 503VL397852. The winner has £25,000 in…

Q3 2022-23 Net Financing of £0.5 billion As of 31 December 2022, Net Financing total of £3.9 billion, against a whole-year target of £6 billion (+/- £3 billion) 2022-23 Net Financing whole-year forecast is £6.1 billion (excluding Green Savings Bonds) 2023-24 Net Financing target: £7.5 billion (+/- £3 billion) NS&I today published its unaudited quarterly results for the third quarter of the financial year 2022-23 (October-December 2022).

Over £25 billion in Premium Bonds prizes have now been paid out to winners since the first ever draw in 1957, as March’s £1 million jackpot winners are announced as coming from Nottinghamshire and Oxfordshire. A record £330 million will be paid out in prizes in this month’s draw thanks to the increase in the prize fund rate to 3.30%, the highest rate in over 14 years, and the fifth increase to the prize fund rate that NS&I has made in less than a year.

  • Premium Bonds prize fund rate increases to 3.30% from March 2023 draw • Fifth prize fund rate increase for Premium Bonds in the last year • Interest rate increases for Direct Saver and Income Bonds to 2.85% with immediate effect   The Premium Bonds prize fund rate is increasing to 3.30%, up from 3.15%, effective from next month’s draw, meaning around £15 million more in prizes up for grabs.