Categories
Finance

NS&I saver becomes Premium Bonds millionaire in July – just 9 months after buying bond

The high-value winners for this month’s NS&I Premium Bonds draw were announced on Friday 1 July. The two winners of the jackpot prize came from Inner London and Surrey. The Officials don’t name the winners but they do release information about their location, the winning bond number and how much Premium Bonds holdings they have. […]

Categories
Finance

Premium Bonds: NS&I announces July winners – have you won £1million?

James and his family had always been frugal, although he admits “my friends would call me tight”. He told NS&I how he would shop for clothes in charity shops, had credit cards but never used them and paid for second hand cars in cash. To have a windfall sat in his bank account was a […]

Categories
Business

Treasury yields nudge lower as market participants track economic data, auctions

U.S. Treasury yields nudged lower on Thursday as investors continue to assess the prospect of a recession. The yield on the benchmark 10-year Treasury note was marginally lower to trade at 3.0612%, while the yield on the 30-year Treasury bond slipped to 3.1989%. Yields move inversely to prices. As the second quarter draws to a close on […]

Categories
Finance

Premium Bonds £1m jackpot cut by £100,000 in a year – how inflation destroys your wealth

National Savings & Investments (NS&I), which runs Premium Bonds on behalf of the government, hasn’t increased the prize since it was introduced in 1991. If it had risen with inflation since then, lucky winners would pocket £1,857,325 today. Premium Bonds remain the UK’s most popular investment, and got an added boost when NS&I increased the […]

Categories
Business

‘It’s like going to the DMV online’: What to know about buying Series I savings bonds via TreasuryDirect

Eakgrunge | Istock | Getty Images There’s been record demand for federal Series I savings bonds, an inflation-protected and nearly risk-free asset, offering an eye-popping 9.62% annual return through October. However, it’s not easy to buy I bonds through TreasuryDirect, a 20-year-old platform run by the U.S. Department of the Treasury, financial advisors say.  “It’s […]

Categories
Finance

NS&I’s Green Savings Bonds branded a ‘flop’ after savers offered ‘paltry’ interest rate

Green Savings Bonds allows savers in the UK to financially support environmentally friendly projects. Money that is placed into the product is used to help the transition to a low carbon economy and address climate change. While NS&I launched the account to much fanfare, some financial experts believe it has not been as successful as […]

Categories
Business

Treasury yields fall as traders track economic data, Fed remarks

U.S. Treasury yields were lower on Wednesday as investors continue to assess the economic outlook amid rising recession fears. At around 2:40 a.m. ET, the yield on the benchmark 10-year Treasury note was down at 3.1434% while the yield on the 30-year Treasury bond dropped to 3.2666%. Yields move inversely to prices. As the second […]

Categories
Finance

NS&I has increased Premium Bonds prize fund rate – but warning issued on £1m prize odds

Last month, National Savings and Investment (NS&I) confirmed it was raising the prize fund rate for its Premium Bonds product. Following this hike, Premium Bond’s prize fund rate has been increased from one percent to 1.40 percent. This change was implemented as of June 2022’s prize draw and will continue at the same rate for […]

Categories
Finance

Cheap bonds! Sort of!

This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. Calm-ish Monday. Stocks down a little, yields up a little. Deep breaths. Everything is fine. Email us: robert.armstrong@ft.com and ethan.wu@ft.com. Big bond discounts that are no help at all […]

Categories
Finance

Premium Bonds: How to check if you’ve won as an extra £1.4m worth of prizes are available

A record total of 4,823,067 prizes have been paid out in the June draw – the 65th anniversary of the very first prize draw. As well as the two £1million bond winners, there are 10 winners of £100,000 and 19 people who have won £50,000. Meanwhile, 39 people have also won £25,000, 99 people have […]