NS&I Announces Major Change to Savings Accounts Affecting All Customers

NS&I announces major change to savings accounts affecting all customers

NS&I already slashed its prize fund once this year, going from 4% to 3.8% in April, and is now now set to reduce by a further 0.2% to 3.6% from August.

NS&I one-month warning over major change to Premium Bonds

Each £1 Premium Bond has an equal chance of winning a prize

NS&I announces major change to Premium Bonds prize fund rate

There will be around six million prizes in the August draw for Premium Bonds

NS&I announces Premium Bonds change affecting millions of savers - The Mirror

Premium Bonds are a savings product where you're entered into a monthly prize draw, instead of getting a guaranteed rate of interest on your money

Premium Bonds prize fund rate cut to 3.6%: AJ Bell's Laura Suter asks "are they worth it?" - IFA Magazine

News has been released by NS&I that the Premium Bonds prize fund rate will be reduced to 3.6% from the August draw. In the analysis below, Laura Suter, director of personal finance at AJ Bell, looks at how the rate stacks up against alternative savings products – and highlights a few client scenarios where Premium Bonds are still likely to offer appeal. “The Premium Bond prize fund is being cut again, taking it down to rates last seen two years …

NS&I cuts Premium Bonds prize fund rate – what does it mean for savers?

NS&I will pay out less money in the Premium Bonds prize draw when the cut comes into effect