The British public has long had a love affair with premium bonds, but the figures show that buying premium bonds for children or grandchildren is likely to be an unrewarding relationship. My own experience is a good example: I have a few hundred pounds in premium bonds from my late grandparents. Over about 20 years, I have won £50.
Savers with Premium Bonds will be disappointed to hear that the prize pot will be reduced by almost £6 million on 1 May 2017.
NS&I will cut the number of Premium Bond prizes it offers and slash the interest it pays on a range of savings accounts this summer.
The Post Office has stopped selling premium bonds after NS&I pulled the plug on a 46-year face-to-face sales arrangement.
The Post Office is to stop selling premium bonds from 1 August after NS&I pulled the plug on a 46-year face-to-face sales arrangement.
The amount you can invest in premium bonds rises from £40,000 to £50,000 on Monday 1 June 2015.
Residents of an independent Scotland will lose the ability to buy government-backed NS&I products, unless they have a UK bank account.
More than £40 million in premium bond prizes remains unclaimed, according to National Savings & Investments (NS&I).
National Savings and Investments (NS&I) is to stop operating its accounts through the Post Office.
Halifax has announced a new £500,000 prize fund for its savers. Anyone with more than £5,000 saved with Halifax can enter the competition, which will see £500,000 shared out among the winners each month.