Standing orders now authorised on premium bonds

clock •

National Savings & Investments will allow investors to buy premium bonds with a regular standing order from next Monday.

NS&I has opened the way to regular savings from £50 upwards in the government-backed schemes from Monday 18th October, as its own research revealed less than two-thirds of people save regularly each month. People can use the standing order facility as long as the maximum holding is no more than £30,000 but new customers will need to invest an initial amount of £100. Anyone who enters the monthly draw and matches their numbers drawn by the ERNIE number cruncher against their premium bond can win anything between £50 and £1m. Officials point out the prize fund rate is currently 3.2% ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Fifty years after 'Bogle's Folly', what comes next for financial advice?

Fifty years after 'Bogle's Folly', what comes next for financial advice?

'Indexing will continue to grow, but the wrapper through which investors access it will change'

Gillian Hepburn
clock 12 October 2026 • 4 min read
Chris Justham: Why the industry must 'entertain and engage' investors

Chris Justham: Why the industry must 'entertain and engage' investors

‘We can’t just offer them a dry cracker and ask them to chew it down’

Chris Justham
clock 07 October 2026 • 3 min read
Jupiter Merlin makes 'keystone' changes and cuts charges on Select range to attract advisers

Jupiter Merlin makes 'keystone' changes and cuts charges on Select range to attract advisers

Two new funds launched

Michael Nelson
clock 06 October 2026 • 6 min read