How do Premium Bonds stack up towards a financial savings account? LUNCH MONEY
NS&I blew its rivals out of the water in early autumn with a table-topping 6.2 per cent one-year fastened fee financial savings account.
That was simply one of many nice financial savings offers NS&I used to be providing on the time, however these have since fizzled out.
Now there may be hypothesis the Autumn Statement may be about to provide NS&I’s charges one other enhance – and this might spell excellent news for Premium Bonds too.
On this episode of Lunch Money, Simon Lambert and This is Money’s Lee Boyce talk about whether or not an replace to NS&I’s funding goal may turbocharge the financial savings market.
Plus, how does the Premium Bonds common fee of return examine to a normal financial savings account and which must you select?
Richard Hunter, of interactive investor, explains whether or not the Autumn Statement may convey a lift for buyers too – and why so many medium-sized UK corporations are takeover targets.
Finally, we’re joined by Ofcom’s director of enforcement, Suzanne Cater, who explains why it fined Shell Energy £1.4million for failing to immediate out-of-contract cellphone and broadband clients to get a greater deal.
Explaining how the watchdog is looking for customers, Mrs Cater advised Lunch Money: ‘This sends a message to the entire business that Ofcom is watching and we can’t hesitate to step in to guard clients’.
