National Savings
NS&I RATE CHANGE FOR PREMIUM BONDS
RATE CHANGE FOR PREMIUM BONDS
NS&I has today, 11th January 2024 announced a decrease to the prize rate on Premium Bonds effective from 1st March 2024 prize draw. The odds remain the same at 21,000 to 1.
Rate change
| NS&I account | Previous rate | New rate |
| Premium Bonds | 4.65% Variable. Annual Prize Rate (tax-free) | 4.40% Variable. Annual Prize Rate (tax-free) |
Find out more at nsandi.com
Definitions
AER (Annual Equivalent Rate) illustrates what the annual rate of interest would be if the interest was compounded each time it was paid. Where interest is paid annually, the quoted rate and the AER are the same.
National Savings and Investments is backed by HM Treasury.