Latest News About Ns&I

Here are the latest NS&I updates I can share based on publicly available information up to now:

• NS&I has announced updates to some fixed-rate products, including new or revised issues of British Savings Bonds with higher rates for certain terms. This includes increases in interest rates on fixed-term bonds and the reintroduction of Green Savings Bonds at a raised rate (3.82% gross/AER for a three-year term) [source: NS&I corporate news page, 2026-04-30].[1]
• There have been reports and discussions about compensation related to NS&I tracing issues and IT modernization programs (often described in relation to Project Rainbow). Some outlets note potential compensation for bereaved families where account tracing failures occurred, alongside ongoing cost and modernization challenges within NS&I’s operations [The Times, 2026-03-26].[2]
• NS&I continues to report on its financial results and net financing targets, with quarterly updates showing progress toward annual targets and ongoing issuance activities, including Green Savings Bonds and other fixed-rate products in line with governmental financing needs [NS&I corporate updates and related coverage].[3][1]
• For consumer-facing savings products, changes to the Premium Bonds prize fund rate and odds have occurred, with a reduction to the prize fund rate taking effect in April 2026 (to 3.30%, odds of 23,000 to 1) as part of NS&I’s ongoing adjustments to its prize-linked savings offering [NS&I news release summary, 2026].[1]

If you’d like, I can dig into one of these areas in more depth (for example, exact current rates on specific fixed-term bonds, or details of any compensation schemes and eligibility). Also, tell me if you want a quick comparison table of the current NS&I fixed-rate products and the Premium Bonds odds/rates. I can provide that as a concise snapshot.