{"id":190073,"date":"2025-10-10T08:58:23","date_gmt":"2025-10-10T08:58:23","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/190073\/"},"modified":"2025-10-10T08:58:23","modified_gmt":"2025-10-10T08:58:23","slug":"warning-for-state-pensioners-who-have-nsi-premium-bonds-accounts-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/190073\/","title":{"rendered":"Warning for state pensioners who have NS&I Premium Bonds accounts"},"content":{"rendered":"

National Savings and Investments (NS&I) Premium Bonds prize rate has fallen from 3.8 per cent to 3.6 per cent.\"WarningWarning for state pensioners who have NS&I Premium Bonds accounts<\/p>\n

Premium Bonds savers who are state pensioners have been warned their savings could be better off elsewhere. <\/a>National Savings and Investments (NS&I) Premium Bonds prize rate has fallen from 3.8 per cent to 3.6 per cent.<\/p>\n

Rosie Hooper, chartered financial planner at Quilter Cheviot, said<\/a> the chances of winning are “relatively low”. She said: “For some, it\u2019s less about returns and more about the enjoyment and peace of mind they offer.<\/p>\n

“That said, Premium Bonds aren\u2019t the most effective way to grow your money over time, particularly if you are young.” She said: “In later life, however, Premium Bonds can still play a valuable role.<\/p>\n

READ MORE Pensioners urged not to withdraw money in ‘panic’ before November change<\/a><\/p>\n

“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.”<\/p>\n

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&I).<\/p>\n

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

Labour Party<\/a> Emma Reynolds MP said in a statement: “NS&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

“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.”<\/p>\n

NS&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&I is backed by HM Treasury.<\/p>\n","protected":false},"excerpt":{"rendered":"National Savings and Investments (NS&I) Premium Bonds prize rate has fallen from 3.8 per cent to 3.6 per…\n","protected":false},"author":2,"featured_media":190074,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,4176,4174,4175,56,54,55,2932],"class_list":["post-190073","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-personal-finance","tag-personalfinance","tag-uk","tag-united-kingdom","tag-unitedkingdom","tag-your-money"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/190073","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=190073"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/190073\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/190074"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=190073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=190073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=190073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}