The NTMA have announced a rate change on their State Savings Prize Bond product.
The new 'rate' (total prize payouts as a percentage) is 0.50% variable (Previously 0.85%) effective 1 August 2017. The prizes haven been cut as a consequence.
No change to other State Savings products.
Unusual to see the NTMA make rate changes mid week, the NTMA normally make changes on the Sunday of a bank holiday weekend. Granted, they are not changing fixed rates this time.
The new 'rate' (total prize payouts as a percentage) is 0.50% variable (Previously 0.85%) effective 1 August 2017. The prizes haven been cut as a consequence.
No change to other State Savings products.
Unusual to see the NTMA make rate changes mid week, the NTMA normally make changes on the Sunday of a bank holiday weekend. Granted, they are not changing fixed rates this time.