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flag UK urges Premium Bonds holders to switch to new guaranteed-income savings scheme by June 30, 2026.

flag UK Premium Bonds holders are being encouraged to switch to a new government-backed savings product offering guaranteed income, as part of a broader effort to improve returns for savers. flag The new scheme, launched in early 2026, provides fixed monthly payments with no risk of losing capital, aiming to replace the traditional lottery-style prize structure of Premium Bonds. flag Financial experts say the change could benefit those seeking stable, predictable income, particularly retirees. flag The government is urging customers to transfer their savings by June 30, 2026, to avoid missing out on the new benefits.

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