Over 50% of National Savings & Investments customers plan to remain with the Treasury agency despite an announcement that drastic cuts will be made to its savings accounts this week. Laith Khalaf of AJ Bell remarked: “Millions of savers could be in for a nasty shock when they wake up and smell the swingeing rate cuts applied to their cash. While Premium Bonds still look competitive, around £25bn of savings will now attract virtually nil interest.”
The Times, Page: 41