Premium Bonds Article Discussion Area

masonic

MikemseForum said:

Interestingly the reply goes on to state that "NS&I is sensitive to changing the investment limit in a way that disadvantages other banks and firms that offer rates of interest with similar returns to Premium Bonds."  It seems that, by design, Premium Bonds will not compete with other banks.

That and NS&I has net financing targets and it will reduce the prize rate to balance larger inflows than it needs. Such as if those at the limit were able to increase their holdings.

LeafGreen

MikemseForum said:

The £50k limit on individual Premium Bond holdings was set in 2015,  with purchaing power equivalent to £75k today.

You could also say that in 2014 the limit was £30,000, which is equivalent to about £41,500 today, therefore the limit as it stands now is actually ahead of inflation.

Dizzycap

Premium Bond Prize funds reducing from 4.8% to 4.6% in August...........

NS&I announces Premium Bonds change affecting millions of savers

Swipe

Dizzycap said:

Premium Bond Prize funds reducing from 4.8% to 4.6% in August...........

NS&I announces Premium Bonds change affecting millions of savers

You mean 3.6%. I'd jump at 4.6% 

ColdIron

Yes, it's 3.60%. NS&I announcement

https://nsandi-corporate.com/news-research/news/new-prize-fund-rate-august-premium-bonds-draw