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Premium Bond prizes will be cut from May
Premium Bond prizes will be cut from May
This is a duplicate of the Blog Entry made on: 7th February 2017 13:40
This is a duplicate of the Blog Entry made on: 7th February 2017 13:40
......announces NS&I
Savers will have a slimmer chance of winning some of the biggest Premium Bond prizes from May, says National Savings and Investments (NS&I). The estimated number of tax-free £100,000 prizes each month will fall from three to two, and there will also be two fewer £25,000 prizes. The reduction is part of a wider cut in interest rates across a range of NS&I's savings products. Cuts of up to 0.25 percentage points "reflect market conditions", it said. They follow interest rate cuts on the same variable rate products - the Direct Isa, the Direct Saver and Income Bonds - in June last year....Read more here
Savers will have a slimmer chance of winning some of the biggest Premium Bond prizes from May, says National Savings and Investments (NS&I). The estimated number of tax-free £100,000 prizes each month will fall from three to two, and there will also be two fewer £25,000 prizes. The reduction is part of a wider cut in interest rates across a range of NS&I's savings products. Cuts of up to 0.25 percentage points "reflect market conditions", it said. They follow interest rate cuts on the same variable rate products - the Direct Isa, the Direct Saver and Income Bonds - in June last year....Read more here