Property News · April 2, 2016

Unhappy returns as NS&I cuts premium bond prizes


As the scheme celebrates its 60th birthday, is it still worth a flutter, or would your cash be better elsewhere?There was bad news for Britain’s 21 million-strong army of premium bond holders this week: the (already slim) odds of winning a prize are about to get even worse. National Savings & Investments has slashed the number of premium bond prizes, reducing people’s chances of winning. At the same time it has cut the interest rates on many of its savings accounts.So is it still worth having a flutter on premium bonds? And if it isn’t, what are the other options for your nest-egg cash, bearing in mind that savings rates are so dismal at the moment? Continue reading…

Source : theguardian.com
Read more…Unhappy returns as NS&I cuts premium bond prizes

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