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

Jenna Towler
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The limit on Premium Bond investments will increase by £10,000 from Monday 1 June to a maximum of £50,000, NS&I has announced.

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...

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