NS&I lowers UK Premium Bonds effective interest rate from 4.65% to 4.15% in December 2021.
National Savings and Investments (NS&I) will lower the effective interest rate for UK Premium Bonds from 4.65% to 4.15% in December 2021, prompting many investors to reassess their choices. The odds of winning a prize will also shift from one in 21,000 to one in 22,000. While Premium Bonds offer tax-free prizes, traditional savings accounts may provide higher interest rates but could incur taxes on earnings. Premium Bonds provide security backed by the Treasury.
October 29, 2024
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