24th Nov 2020 - Do you have a savings product with NS&I?
Dont forget that today NS&I have reduced the interest rates on a number of their savings products, which includes premium bonds.
As well as the premium bonds monthly prize draw, the government backed institution offers a number of savings products.
This news, as posted by us in September, has shocked both savers and industry experts alike.
This reduction of interest rates will have a significant impact on your returns.
The next base rate decision will occur on December 17 and while the Bank of England have been hesitant to introduce such measures, they have acknowledged negative rates remain in the “toolbox.”
The new rates can be found on their website https://www.nsandi.com/interest-rates
Contact us for a no obligation and free of charge consultation to find out where else to invest.
Based on original article https://www.express.co.uk/finance/personalfinance/...