While National Savings & Investments (NS&I) does not pay an interest rate like savings accounts do, the rate determines the number of prizes that get dished out each month.
And this month, National Savings & Investments (NS&I) is raising its Premium Bond prize fund rate from 3.7% to 4%, taking the chances of winning a prize to a 15-year high. The increase comes hot off the heels of a rate rise just last month from 3.3% to 3.7%.
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How many NS&I prizes are there?
Should you buy Premium Bonds?
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Can I inherit my partner's ISA? – little known tax break can boost your allowance by thousandsInheriting a partner’s ISA is fairly simple and comes with special advantages if you’re married or in a civil partnership – knowing what to do with it, however, isn’t always as straightforward
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Can AI results boost Microsoft and Meta’s shares?Alphabet and Tesla’s stock saw contrasting movements after last week’s earnings. This week, Microsoft and Meta’s reports are followed by Amazon and Apple’s.
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How long does it take to win a Premium Bonds prize?It could take much longer than you think to win something in the Premium Bonds prize draw
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Premium Bond winners – who won the December £1 million jackpot?NS&I has unveiled December’s Premium Bond winners. Who bagged the jackpot and what other prizes are on offer?
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NS&I cuts Premium Bond prize fund rate to 4%NS&I will reduce the Premium Bond rate from 4.15% to 4% in January, while also cutting the rates on other savings accounts. Are Premium Bonds still worth it?
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NS&I to cut Premium Bond prize rate to 4.15%The odds of winning a prize will fall to 22,000 to 1 for the December draw, while NS&I is also slashing the rates on other savings products. We have all the details
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Most Premium Bond holders never win – are they worth it?Premium Bonds There are over 20 million Premium Bond holders but most of us have never won a prize.
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NS&I overshoots financing target - could we see more Premium Bond rate cuts?Are NS&I Premium Bond prize fund rate cuts on the horizon? An attractive one-year savings bond plus ever-popular Premium Bonds meant NS&I raised too much money for the government last year
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One-year fixed savings drop below 6% - have they reached their peak?The best one-year fixed-rate savings deals have fallen below the 6% mark. Find out if saving rates have reached their peak and the current top rates on the market.
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NS&I cuts interest rate on Green Savings Bonds - where can you get a better deal?News The state-backed bank has slashed the interest rate on its Green Savings Bonds from 5.7% to 3.95%
