Premium Bonds – are you a big winner this month? NS&I will slash interest pay-outs for millions of savers tomorrow, with the Premium Bonds prize rate also falling to just 1%.
National Savings & Investments said its easy-access account will fall to 0.01% on November 24, reflecting the Bank of England’s record low base rate.
It comes amid warnings some banks could soon charge customers to hold their cash, while others could impose mandatory charges on current accounts to make up for losses on loans and mortgages.Under changes to its savings products, NS&I’s direct saver will drop from 1% to 0.15%. […]
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