Premium bond holders should prepare for more cuts to the prize fund rate this year, an expert has warned. The rate – which is the closest thing premium bonds have to an interest rate – is being ...

The Treasury-backed provider is set a net financing target, which for the current financial year is £9 billion ...

Today’s Spring Statement confirms that NS&I’s whole-year Net Financing forecast for 2024-25 is £10.5 billion (excluding Green ...

She said: "It was bound to happen, because the easy access savings market has been inching south ever since this month’s Bank of England rate cut, and NS&I will be keen not to pay more than it ...

She added: "It was bound to happen, because the easy access savings market has been inching south ever since this month's Bank of England rate cut, and NS&I will be keen not to pay more than it ...

But she added a word of warning: "However, for many people, savings accounts that offer interest rates of up to 5% AER could create better returns – even if the Bank of England lowers the base ...

The minimum investment is £25, while the maximum is £50,000. These savings don’t accrue interest as with regular bank accounts, but are put up against a random digital prize picker called ...