Premium Bonds - Not a bean for months now!!!!
Discussion
NickCQ said:
The Mad Monk said:
The notional - if that's the right word - rate of interest is about 1%. 1% on £100 is £1. Over 24 years that's um, £24, so a £25 prize is just about spot on.
Was it still c. 1% back in the days when base interest rates were 5%+, though?Gassing Station | Finance | Top of Page | What's New | My Stuff