NS&I increases Premium Bond luck

NS&I boosts investment account interest rate

National Savings & Investments (NS&I) has relaunched its Investment Account, making it a postal only account but offering a higher interest rate.
NS&I: 21,000 Premium bond prizes unclaimed

NS&I recently announced there are over 21,000 unclaimed Premium Bond prizes totalling more than £1.2 million in value.

Wednesday, 16 September 2009 12:00

The odds of winning the premium bonds are to improve as National Savings & Investments (NS&I) is increasing the prize fund rate by 0.5 per cent.

An extra 500,000 Premium Bond prizes will be created thanks to the rise, from one per cent to 1.5 per cent, which NS&I is implementing in the October draw.

It makes the chances of winning 24,000 to one, which means a Premium Bond holder with the maximum amount invested and average luck could win 15 tax-free prizes a year.

Previously the odds of winning a prize were 36,000 to one.

Peter Cornish, director of customer offer at NS&I, said: "Premium Bonds are hugely popular with our customers and we know that winning prizes frequently is particularly important to them."

The total value of prizes in the October draw is estimated to be over £52million, compared to over £33million in September.

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