NS&I delivers £2.1 billion of Net Financing to the Government in Q1 2023-24
NS&I delivered £2.1 billion of Net Financing to the Government in Q1 2023-24. The figure is part of NS&I’s latest unaudited quarterly results for the first quarter (April-June 2023) of the financial year 2023-24.
The Spring Budget in March 2023 set NS&I’s Net Financing target for 2023-24 at £7.5 billion (+/- £3 billion).
NS&I Chief Executive, Dax Harkins, said:
“I’m pleased that we were able to deliver £2.1 billion of Net Financing to the Government in the first…
New Issue for Green Savings Bonds at 5.70% gross/AER
Millions of NS&I customers to benefit from interest rate increases across variable products
August’s Premium Bonds millionaires come from Hereford & Worcester and Essex
This month’s Premium Bonds jackpot winners come from Hereford & Worcester and Essex.
The August draw saw the prize fund rate increase to 4%, and the odds improve from 24,000 to 1 to 22,000 to 1, meaning that each £1 Bond now has its best chance of winning a prize in almost 15 years. This month also saw an extra £30 million added to the prize fund, with 455,390 extra prizes available for Bond holders to win. A prize fund of more than £404 million will be paid out to winners across the…
NS&I boosts interest rates on fixed-term products
Popular one-year Guaranteed Growth Bonds and Guaranteed Income Bonds to see boost to 5.00% from 4.00% and 3.90% respectively
Existing Guaranteed Growth Bonds and Guaranteed Income Bonds customers rolling over into new two-year and three-year fixed-terms can choose to benefit from higher rates
Interest rate increases on variable products announced on 30 June 2023 also effective from today
The interest rates paid on fixed-term Guaranteed Growth Bonds and Guaranteed Income Bonds are…
July’s Premium Bonds millionaires come from Staffordshire and Norfolk
In the month that the Premium Bonds prize fund rate hit 3.70% - the highest in 15 years – Staffordshire and Norfolk are home to the two £1 million jackpot winners.
The increase to the Premium Bonds prize fund rate means that, this month, there are also more higher value prizes up for grabs, with 142 £50,000 prizes as well as 71 £100,000 prizes.
Boost for savers as NS&I announces upcoming interest rate increases across variable products
Premium Bonds prize fund rate up to 4.00% from August draw – highest level since 2007
Premium Bonds odds to improve, the best in 15 years
Interest rates for Income Bonds and Direct Saver to be increased from 13 July
Millions of people across the UK are set to see a boost in their savings as NS&I today announces upcoming interest rate increases to its variable products, including Premium Bonds.
Premium Bonds odds highest in 15 years
NS&I Annual Report 2022-23: a year of delivery for government and for savers
NS&I delivered £10.0 billion of Net Financing to the Government in 2022-23.
Interest rate increases: NS&I supported savers with a series of interest rate increases across its products in 2022-23, including five increases to the Premium Bonds prize fund rate, meaning that by March 2023, 1.6 million more prizes were being paid out each month than a year earlier.
Transforming NS&I: further progress in the delivery of the transfo
Summer boost for savers: NS&I increases Premium Bonds prize fund rate and Junior ISA interest rate
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.