NS&I RATE CHANGE FOR PREMIUM BONDS, DIRECT SAVER, INCOME BONDS, DIRECT ISA AND JUNIOR ISA
Rate change for Premium Bonds, Direct Saver, Income Bonds, Direct ISA and Junior ISA
NS&I has today, 14th May 2026 announced increases to the interest rate on Direct Saver, Income Bonds, Direct ISA and Junior ISA, effective 14th May 2026.
NS&I have also announced an increase to Premium Bonds effective from 1st July 2026 prize draw. The odds of winning have also been improved from 23,000 to 1 to 22,000 to 1.
Rate change
| NS&I account | Previous rate | New rate |
| Premium Bonds | 3.30% Variable. Annual Prize Rate (tax-free) Odds 23,000 to 1 | 3.80% Variable. Annual Prize Rate (tax-free) Odds 22,000 to 1 |
| Direct Saver | 3.05% Gross/AER (taxable) | 3.45% Gross/AER (taxable) |
| Income Bonds | 3.01% gross/3.05% AER (taxable) | 3.40% gross/3.45% AER (taxable) |
| Direct ISA | 3.50% AER (tax-free) | 3.80% AER (tax-free) |
| Junior ISA | 3.55% AER (tax-free) | 3.70% AER (tax-free) |
Find out more at nsandi.com
Definitions
AER (Annual Equivalent Rate) illustrates what the annual rate of interest would be if the interest was compounded each time it was paid. Where interest is paid annually, the quoted rate and the AER are the same.
NS&I is one of the largest savings organisations in the UK, offering a range of savings and investments to more than 24 million customers. All products offer 100% capital security, because NS&I is backed by HM Treasury.
Further information on NS&I, including press releases and product information, is available on the website at nsandi.com