{"id":186046,"date":"2025-10-08T18:05:14","date_gmt":"2025-10-08T18:05:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/186046\/"},"modified":"2025-10-08T18:05:14","modified_gmt":"2025-10-08T18:05:14","slug":"warning-for-state-pensioners-who-have-nsi-premium-bonds-accounts","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/186046\/","title":{"rendered":"Warning for state pensioners who have NS&#038;I Premium Bonds accounts"},"content":{"rendered":"<p class=\"mb-4 text-lg md:leading-8 break-words\">Premium Bonds savers who are state pensioners have been <a href=\"https:\/\/www.birminghammail.co.uk\/all-about\/your-money\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:warned their savings could be better off elsewhere.;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">warned their savings could be better off elsewhere. <\/a>National Savings and Investments (NS&amp;I) Premium Bonds prize rate has fallen from 3.8 per cent to 3.6 per cent.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><a href=\"https:\/\/www.birminghammail.co.uk\/all-about\/your-money\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Rosie Hooper, chartered financial planner at Quilter Cheviot, said;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Rosie Hooper, chartered financial planner at Quilter Cheviot, said<\/a> the chances of winning are &#8220;relatively low&#8221;. She said: &#8220;For some, it\u2019s less about returns and more about the enjoyment and peace of mind they offer.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">&#8220;That said, Premium Bonds aren\u2019t the most effective way to grow your money over time, particularly if you are young.&#8221; She said: &#8220;In later life, however, Premium Bonds can still play a valuable role.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><a href=\"https:\/\/www.birminghammail.co.uk\/news\/cost-of-living\/pensioners-urged-not-withdraw-money-32541777\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:READ MORE Pensioners urged not to withdraw money in &#039;panic&#039; before November change;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"> READ MORE Pensioners urged not to withdraw money in &#8216;panic&#8217; before November change <\/a><\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">&#8220;They\u2019re capital secure, easy to access, and any winnings are tax free. For someone living on a fixed income, they can act as a flexible emergency fund that provides both financial security and a little monthly excitement.&#8221;<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">It comes as The Economic Secretary to the Treasury has announced that Luke Jensen has been appointed as Interim Chair to the Board of National Savings and Investments (NS&amp;I).<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">This follows previous Chair, Lord Gerard Lemos CMB CBE, stepping down in July 2025 following his appointment to the Whip\u2019s Office within the House of Lords.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><a href=\"https:\/\/www.birminghammail.co.uk\/all-about\/labour-party\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Labour Party;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Labour Party<\/a> Emma Reynolds MP said in a statement: &#8220;NS&amp;I plays a key role in delivering cost-effective finance for the Government, and I would like to thank Lord Lemos for his contributions to the Board over the past year.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">&#8220;I am pleased to welcome Luke Jensen as Interim Chair, to continue to deliver cost-effective finance for the Government and progress its Transformation Programme whilst we recruit for Lord Lemos\u2019 successor.&#8221;<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">NS&amp;I is one of the largest savings organisations in the UK, offering a range of savings and investments. All products offer 100 [er cent capital security because NS&amp;I is backed by HM Treasury.<\/p>\n","protected":false},"excerpt":{"rendered":"Premium Bonds savers who are state pensioners have been warned their savings could be better off elsewhere. National&hellip;\n","protected":false},"author":2,"featured_media":186047,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,4176,82054,82055,4174,4175,52930,82053,56,54,55],"class_list":["post-186046","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-luke-jensen","tag-national-savings-and-investments","tag-personal-finance","tag-personalfinance","tag-premium-bonds","tag-quilter-cheviot","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/186046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=186046"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/186046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/186047"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=186046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=186046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=186046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}