Latest news

More than 870,000 customers holding NS&I’s Direct Saver, Income Bonds and Direct ISA are set to benefit from today as NS&I increases interest rates across all three accounts. The interest rate paid on Direct Saver and Income Bonds will increase from 2.30% to 2.60%, whilst the interest rate on Direct ISA will increase from 1.75% tax-free to 2.15% tax-free. The Premium Bonds prize fund rate will also increase from 3.00% to 3.15%, effective from the February 2023 prize draw. This follows…

David Woodward has been appointed as a Non-executive Director to the board of National Savings and Investments (NS&I), the Economic Secretary announced today (9th January). David’s three-year term officially began on 3rd January 2023. He began his career as a qualified accountant and has worked in senior roles in the private, public and charity sectors. His executive career has seen him work in senior finance positions successfully delivering strategic change within large and complex…

Two lucky Premium Bond holders are starting the New Year as millionaires as NS&I announces that the first Premium Bonds jackpot winners of 2023 are from South Yorkshire and Wiltshire. Nearly five million prizes were up for grabs this month, with a total of nearly £300 million paid out.

Premium Bonds customers are set to get a welcome New Year boost with an extra £80 million in prizes up for grabs from the January prize draw, with an increase to the prize fund rate from 2.20% to 3.00%. Alongside this, effective from today, NS&I has also increased interest rates across several of its other variable products.

The last Premium Bonds jackpot winners of 2022 come from the Scottish Highlands and Wandsworth The first winning Bond number drawn was 414XW486235 and belongs to a winner in the Scottish Highlands. The jackpot winner holds £45,000 in Premium Bonds and purchased the winning Bond in September 2020. The win makes them the first winner from the Scottish Highlands.

NS&I has won the award for ‘Most Improved Service’ in the ‘Cash Investments’ category at the Financial Adviser Service Awards, held at the Natural History Museum in London on 17 November. The awards are run by the Financial Times and are considered the benchmark for service standards within the financial advice marketplace. At this prestigious event it was also announced that NS&I received the biggest increase in votes from year to year.

This month’s Premium Bonds jackpot winners come from Hertfordshire and Essex. The first winning Bond number drawn was 460WE462342 and belongs to a winner in Hertfordshire. The jackpot winner holds £15,000 in Premium Bonds and purchased the winning Bond in June 2021. The win makes them the fifteenth jackpot winner from Hertfordshire.  The second winning Bond number drawn was 245PK699534 and the winner comes from Essex. The winner holds £25,253 in Premium Bonds and purchased their winning…

NS&I delivered £2.1 billion of Net Financing in Q2 2022-23, giving a half-year total of £3.4 billion. The figure is part of NS&I’s latest unaudited quarterly results for the second quarter (July-September 2022) of the financial year 2022-23. NS&I’s Net Financing target for 2022-23, set at the March 2022 Spring Statement, is unchanged, at £6 billion (+/- £3 billion). NS&I’s overall Net Financing performance for 2022-23 will be announced as part of its annual results in the…

More than 2.7 million savers are set to benefit as NS&I increases interest rates across its product range, with changes across its variable products effective from today (25 October 2022). The interest rate paid on Direct Saver and Income Bonds is now at the highest it has been in over a decade, with the rate on Direct ISA now at its highest level since February 2014.   NS&I has also increased the interest rate it pays on its Junior ISA and Investment Account.

This month’s Premium Bonds millionaire jackpot winners come from Outer London and Suffolk. October’s prize draw also saw an extra £79 million added to the prize pot, with the prize fund rate increasing from 1.40% to 2.20% – the biggest single increase in more than 40 years – and the odds improving from 24,500 to 1 to 24,000 to 1.