NS&I puts on 'bumper' prize draw in June

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www.moneynews.co.uk > Banking > NS&I puts on 'bumper' prize draw in June

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NS&I puts on 'bumper' prize draw in June

Premium bonds are continuing to attract the attentions of British investors, new research reveals.

A survey carried out by National Savings & Investments (NS&I) indicates that in the last eight months over 500,000 people have begun saving the bonds for the first time.

NS&I has enjoyed record monthly sales in October 2006 and April 2007 of £2.2 billion and £1.3 billion respectively.

Since the group set its 50th anniversary celebrations in motion, some £6.6 billion in total has been invested.

The forthcoming June 1st draw will be putting some 1.5 million prizes worth £116 million on offer, the largest prize fund in the group's history.

John Prout, NS&I's sales director, said: "The anniversary draws, combined with the ease of investing online have appealed to old and new customers alike."

NS&I sold £8.2 billion worth of bonds in 2006-07, up from £7.8 billion compared to the year previously.

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