NS and I

NS&I has refreshed its range of fixed-term 'British Savings Bonds' by bringing back its one-year and five-year options and boosting rates. Its new deals are strong across the board, especially if you're looking to save with a well-known name – though you can earn a bit more from the top-paying accounts elsewhere.

NS&I will cut its Premium Bond prize-fund rate to 3.8% from 4% for the April draw and beyond. But this rate was already lagging behind interest rates on standard savings accounts – so if you have Premium Bonds, you may want to consider moving your cash to an interest-paying account.

Nearly 2.5 million Premium Bond prizes worth a combined £92 million remain unclaimed, according to the latest figures. Most bondholders now get prizes paid automatically, though this may not be the case if you have older bonds. Plus, prizes paid by cheque may be unclaimed if you haven't kept your address up to date or simply forgot to cash them in.

NS&I has refreshed its range of fixed-term 'British Savings Bonds' by adding a two-year and a five-year option, alongside its existing three-year bond. However, you can still earn more from the top-paying accounts elsewhere.