NS&I increases Premium Bond investment limit to £50k

The move was first announced in the Budget 2014. It comes 12 months after the Premium Bonds limit was increased from £30,000 to £40,000 with a second £1m prize winner also being introduced from August 2014. NS&I said the total amount invested in Premium Bonds had increased from £19,7bn in 2003 - when the limit was increased from £20,000 to £30,000 - to more than £53bn. It said total investment value has increased by £6bn since last June and it expects the total amount will increase again following changes on 1 June. NS&I chief executive Jane Platt said: "Premium Bonds are one of th...