National Savings and Investments

Premium Savings Bonds – Notice of new interest rate

The changes announced in the Edinburgh Gazette dated 20th August 2004 and due to take effect on 1st December 2004 have been brought forward and will now take effect on and from 1st October 2004. The rate of interest specified for determining the amount of the prize fund will be 3.20% pa. In respect of each prize draw there will be one prize for every 24,000 bond units eligible for inclusion in the draw. The monthly prize fund will be shared between the higher, medium and lower value bands as follows: 5%, 5% and 90% respectively (subject to any adjustments required by the terms and conditions).

Issued by National Savings and Investments

On behalf of the Treasury