Results

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.

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.

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.

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 today published its provisional Q3 (October-December 2013) results for the financial year 2013-14. Net Financing for the quarter was £0.4 billion, bringing the year-to-date total to £2.9 billion.

NS&I’s latest Quarterly Savings Survey shows how Britain’s savings behaviour has changed over the last decade. Britons are now saving 7.76% of their incomes each month, (£98).