November 3, 2024
Financial Assets

Are NS&I Premium Bond prize fund rate cuts on the horizon? An attractive one-year savings bond plus ever-popular Premium Bonds meant NS&I raised too much money for the government last year


The government-backed savings organisation NS&I overshot its fundraising target last year, raising concerns that the Premium Bond prize fund rate could be cut again.

Premium Bonds are one of the most popular products with savers, giving them a chance to win a cash prize each month. NS&I also helps the government raise money. A prize fund rate cut could mean fewer prizes up for grabs in the future. 





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