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NS&I to increase premium bonds prize fund rate from 1.00% to 1.40%
Comments
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The c.25% of government debt that is linked to RPI won’t be “devalued”.NedS said:
Ultimately debt has to be repaid. It can either be devalued by high inflation or repaid through high(er) taxation. There is no free lunchmetrobus said:So only now losing 7.6% of your cash when you factor in 9.0% inflation.1 -
The number of £25 bond prizes has been reduced by 1.3 million (presumably to reduce bank transaction charges paying out the winnings?). This will result in the chance of winning with a £25 prize decreasing which is not good news really?0
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The good news is that the number of £50 and £100 prizes is increasing - so won’t be much difference in number of prizes but value will be greater.nrmsmith said:The number of £25 bond prizes has been reduced by 1.3 million (presumably to reduce bank transaction charges paying out the winnings?). This will result in the chance of winning with a £25 prize decreasing which is not good news really?0 -
Probably not a good idea to post to a pretty dormant thread with a totally out-of-date title.
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