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Fed-up savers may test their luck in prize draws


Fed-up savers may test their luck in prize draws
© Getty Images
Savers facing paltry rates of return may be tempted to test their luck in prize draws but could miss out on better deals, analysts say.
The Nationwide Building Society has announced it is to launch a prize draw for its members in England, Wales and Scotland from September.
The UK s largest building society is pitting itself against rival, the Halifax, as well as Premium Bonds.
But analysts at Moneyfacts say savers should not forget to shop around.
It would not be too unsurprising to see savers turn to a prize draw to test their luck in a low interest rate environment, however, there is no guarantee of winning a prize, said Rachel Springall, from the financial information service. ....

United Kingdom , Northern Ireland , Rachel Springall , Family Building Society , National Savings , Lloyds Banking Group , Building Society , Nationwide Building Society , Louise Prior , Lloyds Banking , Premium Bonds , ஒன்றுபட்டது கிஂக்டம் , வடக்கு ஐயர்ல்யாஂட் , குடும்பம் கட்டிடம் சமூகம் , தேசிய சேமிப்பு , லாயிட்ஸ் வங்கி குழு , கட்டிடம் சமூகம் , நாடு முழுவதும் கட்டிடம் சமூகம் , லூயிஸ் ப்ரையர் , லாயிட்ஸ் வங்கி , ப்ரீமியம் பத்திரங்கள் ,

Fed-up savers may test their luck in prize draws with rates so low


Fed-up savers may test their luck in prize draws with rates so low
By Kevin Peachey
Published
image copyrightGetty Images
Savers facing paltry rates of return may be tempted to test their luck in prize draws but could miss out on better deals, analysts say.
The Nationwide Building Society has announced it is to launch a prize draw for its members in England, Wales and Scotland from September.
The UK s largest building society is pitting itself against rival, the Halifax, as well as Premium Bonds.
But analysts at Moneyfacts say savers should not forget to shop around.
It would not be too unsurprising to see savers turn to a prize draw to test their luck in a low interest rate environment, however, there is no guarantee of winning a prize, said Rachel Springall, from the financial information service. ....

United Kingdom , Northern Ireland , Kevin Peachey , Rachel Springall , Family Building Society , National Savings , Lloyds Banking Group , Building Society , Nationwide Building Society , Louise Prior , Lloyds Banking , Premium Bonds , ஒன்றுபட்டது கிஂக்டம் , வடக்கு ஐயர்ல்யாஂட் , கெவின் பீச்சி , குடும்பம் கட்டிடம் சமூகம் , தேசிய சேமிப்பு , லாயிட்ஸ் வங்கி குழு , கட்டிடம் சமூகம் , நாடு முழுவதும் கட்டிடம் சமூகம் , லூயிஸ் ப்ரையர் , லாயிட்ஸ் வங்கி , ப்ரீமியம் பத்திரங்கள் ,