NS&I’s Premium Bonds pay out hundreds of millions each month, but the vast majority of savers have never won a single penny.

More than 24 million people in the UK have NS&I Premium Bonds, which enters your savings into a monthly draw, offering tax-free prizes from £25 to £1million. However, after a previous drop to the ...

Premium bonds cost more than their face value due to higher interest rates or the issuer's improved credit rating. Investors must analyze if the extra interest from the premiums outweighs the added ...

NS&I will cut its Premium Bond prize-fund rate to 4% from 4.15% for the January 2025 draw and beyond. But this rate was already lagging behind interest rates on standard savings accounts – so if ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...