From August onwards, the prize fund rate has been reduced from 3.8% to 3.6%, substantially lower than the 5% interest ...

The risks of relying on Premium Bonds were laid bare in a recent report in The Times. It highlighted Robert Walker, 80, from ...

Suter said premium bonds are often given to children as a gift by parents or grandparents but there could be better ways to ...

There are much better places to grow your funds, experts warn, especially after the Bank of England cut interest rates ...

So the answer here is: no, there’s no tax penalty and no urgency to cash them in. Enjoy the small thrill of the prize draw, rest easy knowing the money will pass on smoothly, and let them keep working ...

NS&I has provided guidance on how to claim Premium Bonds winnings. The advice came after a customer reached out to Lloyds ...

NS&I has provided guidance on how to claim Premium Bonds winnings. The advice came after a customer reached out to Lloyds ...

More than £100m of premium bond prizes remain unclaimed amid criticism that the government-owned bank which operates the ...

You can open them for your relatives, but it is not as simple as funnelling the maximum £50,000 into Premium Bonds for your ...

With £50,000 kept in NS&I's one-year bonds at 5.15 per cent it would have generated £2,575 in interest over the past 12 ...

Premium Bonds holders may be pondering if prize fund rate for the savings scheme will face further reductions. This year the prize fund rate has already been reduced three times, in January, April, ...

More than £100m of premium bond prizes remain unclaimed amid criticism that the government-owned bank which operates the savings scheme is not doing enough to find the winners. Among the 2.5 ...