NS&I to increase premium bonds prize fund rate from 1.00% to 1.40%

MDMD

NedS said:

metrobus said:

So only now losing 7.6% of your cash when you factor in 9.0% inflation.

Ultimately debt has to be repaid. It can either be devalued by high inflation or repaid through high(er) taxation. There is no free lunch

The c.25% of government debt that is linked to RPI won’t be “devalued”.

nrmsmith

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?

LeafGreen

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?

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.

polymaff

Probably not a good idea to post to a pretty dormant thread with a totally out-of-date title.