HC Deb 04 June 1981 vol 5 c395W
5. Mr. Freud

asked the Chancellor of the Excehquer what is the current interest paid to investors in (a) premium bonds, and (b) index-linked retirement certificates; and how much money was spent promoting each of these investments in March 1981 and April 1981.

Mr. Lawson

No interest is paid on either. The premium bond prize is equivalent to 7 per cent. of the value of the eligible bond, and the index-linked retirement certificates qualify for a bonus of 4 per cent. of the purchase price after five years.

In March about £130,000 was spent promoting premium savings bonds and some £750,000 on the second index-linked issue of national savings certificates. The corresponding estimates for April are £13,000 and £450,000.