Sir, – Is the weekly prize bond payout overly restricted in a period of rising interest rates and inflation?
The European Central Bank recently upped its interest rate to 3.5 per cent, yet the weekly prize bond payout, grossed up to a per annum basis, is only 0.35 per cent of the fund value, a tenth of that.
Investors in prize bonds, many of them small savers, deserve better than that from the National Treasury Management Agency, which sets the rate. – Yours, etc,
ANDREW J MORAN,
READ MORE
‘My sister-in-law will never organise or contribute to family events, she won’t offer to help in any way’
Kerry woman who swapped RTÉ for Bordeaux: ‘Their way of life is not just about making money – they work to live and have family time’
Gordon D’Arcy: Lions’ mauling of Western Force little more than an appetiser ahead of main courses
‘We’ve never seen anything like this’: French heatwave breaking records as residents struggle to cope
Woodford,
Co Galway.
