NS&I informs Premium Bonds customers of 1-month holding requirement for prize eligibility; exceeds 2023/24 net financing target.
National Savings and Investments (NS&I), a UK government-backed financial institution, informed Premium Bonds customers that their bonds must be held for a full calendar month before they become eligible for prize draws. NS&I exceeded its net financing target to the government for the 2023/24 financial year, delivering £11.3 billion, up from the annual target. The exceeded target may prompt the provider to be more aggressive in cutting rates in the months ahead.
July 30, 2024
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