NS&I final month introduced a “new secure way to add funds to Premium Bonds”.

With the prize draw outcomes approaching, many individuals could also be questioning how they'll purchase extra bonds in hopes of accelerating their possibilities of profitable.

NS&I’s on-line clients wishing to high up their Premium Bonds and different easy-access financial savings accounts will shortly begin noticing a brand new cost technique, Pay by checking account, showing of their cost choices.

The new technique affords a “quick, easy and secure way” for purchasers to top-up their savings.

It might be step by step rolled out to clients with easy-access variable fee accounts – Premium Bonds, Direct Saver, Direct ISA, Income Bonds and Junior ISA.

NS&I confirmed there are 22.9 million variable clients, however six million are registered to handle their accounts on-line.

Once clients have logged in to their on-line NS&I account, they’ll be capable of choose ‘Pay by bank account’, the place they’ll be transferred to Ecospend and requested to pick out the financial institution or constructing society.

They added that on-line clients will nonetheless be capable of proceed to make funds by way of financial institution switch and debit card whereas these unable to transact on-line can name its customer support groups so as to add funds to their financial savings accounts utilizing a debit card as typical.

Each month, two individuals have the possibility to change into millionaires within the NS&I premium bonds prize draw. Prizes vary from £25 to £1million and are all tax-free.

There are seven days to go till NS&I updates their prize checker with July’s premium bonds winners.

The odds of profitable are 24,000 to 1 (for each £1 Bond), nonetheless, on their web site, NS&I mentioned: “Instead of gaining interest, every £1 saved in your Premium Bonds gives you the chance every month to win tax-free prizes. The more you save (up to the maximum of £50,000), the more chances of winning you have!”

Dax Harkins, NS&I Chief Executive, mentioned: “I am pleased that NS&I is able to offer our customers the benefits of the latest banking technology to top up their easy-access savings accounts.

"Customers with most UK major banks and building societies will soon find that they can smoothly make transfers into their NS&I variable savings accounts as we start to roll out Pay by bank account over the coming weeks.

“The great advantage is the system automatically fills in the customer’s NS&I account details to ensure their money reaches their account seamlessly.”