03 December, 2008

UK: Premium Bonds

The applicable interest rate to the prize pool on premium bonds (National Savings) has been reduced to 1.8% meaning that even with the maximum investment of £30,000 you could expect only £540 a year on average, and are likely to get the £1m jackpot once every 1,851 years.

Seems even ERNIE's feeling the pinch

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