# NS&I fundraising shortfall could bring higher Premium Bonds prizes

- URL: https://talkfuse.com/story/nsi-is-falling-short-but-thats-good-news-for-your-premium-bonds-says-sylvia-morris/
- Published: 2026-11-04T09:05:28+00:00
- Updated: 2026-11-04T10:33:51+00:00
- Original publisher: Daily Mail (publisher lean: Right)
- Original article: https://www.dailymail.com/money/saving/article-16262841/NS-falling-short-needs-savers-thats-good-news-Premium-Bonds-says-SYLVIA-MORRIS.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
- Topics: Business, Markets, World

## Key points

- NS&I may raise Premium Bonds’ prize fund to attract savers.
- The rate has climbed to 4.35 per cent.
- About 22 million people hold £138 billion in bonds.

## Summary

National Savings & Investments (NS&I) has attracted less money than it hopes to raise, which could lead it to increase the Premium Bonds prize fund. The prospect comes as the bonds mark 70 years since their launch, and may benefit holders if NS&I uses higher prizes to compete for savers’ money.

About 22 million people hold £138 billion in Premium Bonds, whose prizes are tax-free and whose capital is government-guaranteed. The prize fund rate rose from 3.3 per cent in April to 4.35 per cent in August, while the odds improved from 23,000 to one to 21,000 to one; NS&I took in £4 billion in the first half of its financial year, against an annual target of £15 billion, plus or minus £4 billion. September saw £594 million added to bonds, following £356 million in August and withdrawals of £29 million a few months earlier; the article also notes that planned changes to savings-interest taxation could make tax-free prizes more attractive.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.