As the scheme celebrates its 60th birthday,is it still worth a flutter, or would your cash be better elsewhere?There was heinous news for Britain’s 21 million-strong army of premium bond holders this week: the (already slim) odds of winning a prize are about to get even worse. National Savings & Investments has slashed the number of premium bond prizes, and reducing people’s chances of winning. At the same time it has slice the interest rates on many of its savings accounts.
So is it still worth having a flutter on premium bonds? And whether it isn’t,what are the other options for your nest-egg cash, bearing in intellect that savings rates are so dismal at the moment?Continue reading...
Source: theguardian.com