Property News · November 1, 2016

Fancy the luck of the draw? Premium bonds turn 60


Treasury-backed bonds are part of British life – and with interest rates staying so low they at least offer the chance of a returnPremium bonds turn 60 on Tuesday, and although recent years have seen cuts to the amount paid out, 21 million savers now hold more than £63bn in the government-backed investments.The bonds, which, instead of paying interest, offer the chance to win cash prizes each month, were launched by chancellor Harold Macmillan in his 1956 budget, and the first one was bought on 1 November of that year by the lord mayor of London, Sir Cuthbert Ackroyd. Continue reading…

Source : theguardian.com
Read more…Fancy the luck of the draw? Premium bonds turn 60

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