Premium Bond prize rate to be cut to 1.3% - MSE News

Premium Bond holders will have a lower chance of winning a prize from May, while those with NS&I savings products will see their interest rates cut...

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'Premium Bond prize rate to be cut to 1.3%'
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  • I don't regard Premium Bonds as any sort of sensible investment; just as a less ludicrous way of wasting money than spending anything on the lottery. I now have £25 - the minimum - in premium bonds, and feel absolutely no desire whatsoever to buy lottery tickets. I never spent huge amounts on the lottery; probably around £30 a year, money that is now gone forever. Effectively, I am now a lot better off; not least because, if I ever decide I really want the money back, I can reclaim it.
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