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ColdIron said:

NS&I raises rates: Another rise in premium bonds interest rate to 4% from August draw and odds improved from 24,000 to 22,000:1

Direct Saver and Income Bonds rates rise from 2.85% to 3.4% from 13 July.

https://www.nsandi.com/interest-rates

About damn time

justwantedtosay

ColdIron said:

NS&I raises rates: Another rise in premium bonds interest rate to 4% from August draw and odds improved from 24,000 to 22,000:1

Direct Saver and Income Bonds rates rise from 2.85% to 3.4% from 13 July.

https://www.nsandi.com/interest-rates

Do we know how the August prizes will be shared out yet? I'm guessing it must mean that there will be proportionally more smaller prizes and fewer blank months...?

gt94sss2

justwantedtosay said:

ColdIron said:

NS&I raises rates: Another rise in premium bonds interest rate to 4% from August draw and odds improved from 24,000 to 22,000:1

Direct Saver and Income Bonds rates rise from 2.85% to 3.4% from 13 July.

https://www.nsandi.com/interest-rates

Do we know how the August prizes will be shared out yet? 

Yes, we do. From their press release*:



(*https://nsandi-corporate.com/news-research/news/boost-savers-nsi-announces-upcoming-interest-rate-increases-across-variable)

eskbanker

justwantedtosay said:

ColdIron said:

NS&I raises rates: Another rise in premium bonds interest rate to 4% from August draw and odds improved from 24,000 to 22,000:1

Direct Saver and Income Bonds rates rise from 2.85% to 3.4% from 13 July.

https://www.nsandi.com/interest-rates

Do we know how the August prizes will be shared out yet? I'm guessing it must mean that there will be proportionally more smaller prizes and fewer blank months...?

Not sure why you'd expect proportionally more smaller prizes, but the split by value of the prize pot remains at 10/10/80% between high/medium/low prize bands (where low is £25/50/100).

polymaff

It is 80% for low-value prizes so up to 5.33% + luck factor for 40%ers

Very frustrated by the rise in Income Bond and Direct Saver.  NS&I are delaying the payment of my late wife's 0.51% Guaranteed Income Bond into my Direct Saver.  They've had an original of the Grant of Probate for weeks.  They blame an unexpected rise in their Bereavement Department workload!

Bull.

borefest

it’s sad I know but when the 1st lands on a weekend it really irks me💷🍀

Macsidia

borefest said:

it’s sad I know but when the 1st lands on a weekend it really irks me💷🍀

With this day and age of technology. You would think nowadays it shouldn't matter which day of the week the 1st falls on and whether it's a bank holiday or not. (New Year & May Day.) I guess it's just a traditional thing now that someone hits the draw button on ERNIE on the first working day of the month at 9.30am.

Section62

Macsidia said:

borefest said:

it’s sad I know but when the 1st lands on a weekend it really irks me💷🍀

I guess it's just a traditional thing now that someone hits the draw button on ERNIE on the first working day of the month at 9.30am.

Someone pushes the button several days before the end of the previous month. They need time between the actual generation of random numbers (the draw) and the announcement of the results in order to do various background things... including the Government Actuary's Department doing a verification that the drawn numbers are sufficiently random.

https://www.gov.uk/government/news/gad-and-ernie-5

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Macsidia said:

borefest said:

it’s sad I know but when the 1st lands on a weekend it really irks me💷🍀

With this day and age of technology. You would think nowadays it shouldn't matter which day of the week the 1st falls on and whether it's a bank holiday or not. (New Year & May Day.) I guess it's just a traditional thing now that someone hits the draw button on ERNIE on the first working day of the month at 9.30am.

I heard Agent Million refuses to work weekends

justwantedtosay

gt94sss2 said:

justwantedtosay said:

ColdIron said:

NS&I raises rates: Another rise in premium bonds interest rate to 4% from August draw and odds improved from 24,000 to 22,000:1

Direct Saver and Income Bonds rates rise from 2.85% to 3.4% from 13 July.

https://www.nsandi.com/interest-rates

Do we know how the August prizes will be shared out yet? 

Yes, we do. From their press release*:

Thank you. I looked on their How we share out Premium Bond prizes but that's not been updated yet.