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jetendy | 19:28 Mon 01st Dec 2008 | Business & Finance
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Does anyone know why there sre so few High Value prizes in this months (December) Premium Bond List? Is it the usual 'technical' problems?
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Avatar Image redcrx
due to the credit crunch the number of high prizes has been cut
20:55 Mon 01st Dec 2008
Avatar Image redcrx
http://news.bbc.co.uk/1/hi/business/7759110.st m
20:56 Mon 01st Dec 2008
Avatar Image factor-fiction
The prize fund is in effect in place of the interest that would otherwise be earned by savers on the bonds money. As interest rates have fallen the prize funds have been cut. To be fair, the prize funds are increased when interest rates rise.
21:14 Mon 01st Dec 2008
Avatar Image jetendy
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Thank you all. I don't know whether to laugh or cry!
21:47 Mon 01st Dec 2008
Avatar Image MarzipanQ
Humph - where'd they put the 30K I invested last month then! Yeah, only having a laugh - I do understand the economics of it:)
21:51 Mon 01st Dec 2008

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