50,000 fewer Premium Bond prizes as NS&I slashes winnings and savings rates 

“The new NS&I rates will apply to the Direct Isa, the Direct Saver and Income Bonds” writes Sophie Jamieson for The average easy-access savings rate has dropped 40 per cent in the past year, with the top 10 accounts offering on average just one per cent.NS&I has said the move, announced in February, follows reductions in interest rates across the savings market, after the Bank of England base rate was cut to 0.25% in August.

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