NS&I announce interest rate reductions for 25m customers

Changes will take effect from May hitting premium bonds and savings accounts

Millions of savers are to be hit by a series of interest rate reductions announced by the Treasury-backed savings giant NS&I.

The institution, which has 25 million customers and a duty to balance the needs of savers, taxpayers and the wider market, said the changes would take effect from May. They include making the premium bonds prize fund rate less generous.

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from The Guardian https://ift.tt/2SEtQwN

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