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National Savings and Investments cuts Premium Bond prizes...

Buying Premium Bonds from the government owned NS&I has long been viewed as the safe alternative to stock market investment for the British public; you get to keep all of your original capital, you stand a chance of making a million, and an even better chance of winning a smaller amount. But if you’re one of the thousands of people eagerly awaiting the monthly Premium Bonds results from Ernie, you’ll be disappointed to learn that since interest rates have been cut to historic lows, NS&I has been forced to slash the prize fund, significantly reducing your chances of winning a big prize. The Premium Bond prize fund has been cut from almost £60 million down to £32 million....

posted on: Mar 18, 2009 | author: Lance