NS&I Boost Saver and ISA Rates, and Premium Bond Prize Pot

The lender will add 0.15% to its savings rates, including its Cash ISA, Easy Saver and Halifax Everyday Saver, compared to the 0.25% increase the BoE said it would lift its base rate by last Thursday. The same rate rise was applied to premium bonds, but due to the way premium bonds work, this is not, strictly speaking, an interest rate rise.

NS&I - the government's savings arm - has today confirmed it will increase interest rates across its variable rate products by 0.25%, including Premium Bonds, ISAs and income bonds from 1 December. For example, the odds of winning £100,000 with a single bond went from 1 in 22.2 billion to 1 in 33.4 billion, while the chance of winning £50 went from 1 in 941,000 to 1 in 3.2 million.

The number of prizes paid out each month will increase from 2.3 million to around 2.9 million - the highest number of prizes in any monthly Premium Bonds prize draw to date, NS&I said. Rachel Springall, finance expert at, welcomes the announcement, saying that "many savers would have been waiting with bated breath to see the change come in from such a trusted brand". It's probably best not to think of them as a savings account.

The number of £1 million prizes will remain the same, at two, according to NS&I's estimates. The prizes are tax-free and another bonus of saving with NS&I is that all products offer 100% capital security as it's backed by the Treasury.

Following the Bank of England's decision to increase the base rate of interest earlier this week, National Savings & Investments has announced that it will be boosting rewards across its range of savings products from December.

NS&I chief executive Ian Ackerley said: "For our 25 million customers, including around 21 million Premium Bonds customers, these changes will present a welcome boost".

"Over the past few days we have seen the release of some highly competitive fixed-rate deals - and the rates available on the most competitive one-year bonds are edging ever-closer to 2 per cent".

Like this



09 November 2017
Quebec City - UNESCO City of Literature
Chennai , one of the 64 cities designated as UNESCO Creative Cities last month, was chosen for its contribution to music.

09 November 2017
VW blames drivers failing to fit new software for dirty diesel cars
According to Mary Creagh, chair of the Commons' Environmental Audit Committee, the rate at which vehicles are being dealt with has "stalled".

09 November 2017
Clarify on Karti Chidambaram request to go overseas , Supreme Court tells CBI
Karti's lawyer Kapil Sibal told the apex court that the former was not a "fugitive of justice". The court granted CBI one week time to respond and posted the case for hearing to November 16.

09 November 2017
Star Wars Battlefront 2 lays out its FREE DLC Plans
Experience rich and living Star Wars multiplayer battlegrounds across all three eras: prequel, classic, and new trilogy. Will you champion the Light Side or secure galactic dominion for the Dark Side? Choose wisely and you will be rewarded.

09 November 2017
Unusual Activity Sighted in CECO Environmental Corp. (NASDAQ:CECE) Shares
In the last 12 months, there have been 18 open market buys by insiders and 7 sells for a total of 25 insider trades. BidaskClub raised CECO Environmental Corp. from a sell rating to a hold rating in a report on Tuesday, July 11th.

09 November 2017
Woman critically injured in Oshawa crash dies in hospital
The 35-year-old woman rushed to hospital following a five-vehicle collision on Harmony Road in Oshawa on November 6 has died. A loaded dump truck "somehow collided with four other vehicles", Durham Const.

09 November 2017
WaPo: DHS secretary faced WH pressure to expel Honduran immigrants
One unnamed former administration official with knowledge of the call said "they put massive pressure on her", the Post reported. Honduras has not fully recovered from Hurricane Mitch, and until 2015 had been designated the "murder capital of the world".

09 November 2017
Raleigh, Charlotte among top 10 most affordable metros for renters, study says
Despite this, almost half of all US renters - 49.7 percent nationwide - still pay too much income in rent, the study reports. But bigger cities in the South, along with communities in the Rust Belt and Midwest, are more affordable for renters.

09 November 2017
Bill Clinton discusses politics and the state of America on 'Conan'
When asked whether America had changed a lot since his presidency, Clinton's answer was "yes and no". Because that chilled me to the bone for a second, ' O'Brien said to all that.

09 November 2017
BB&T Corporation's (BBT) Buy Rating Reiterated at Royal Bank Of Canada
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . The stock has a market cap of $39,035.81, a PE ratio of 16.33, a price-to-earnings-growth ratio of 2.28 and a beta of 1.00.