The number of Premium Bond prizes is being reduced following the recent cut in the Bank rate to 3%.
National Savings & Investments (NS&I) said the total Premium Bond prize payout would drop from £87.8m this month to about £57m in January 2009.
The number of Premium Bond prizes will fall from 1.54 to 1.1 million.
Bugger.... and just as I had persuaded my daughter to invest in them to the max for at least 12 months until all this banking chaos shit calms down.
100% safe with the chance to win 1m. As ever, diverse investment strategy required...
Prize find linked to interest rates - no surprises for me!
Justin.
Me neither, but there's no accounting for stupidity, gullibility or greed.
In message , Daytona writes
I think of PBs as an interest-free loan to the Guvmint, just as I regard the purchase of a Lottery ticket as a voluntary tax.
Of course, somebody wins...
BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.