Lottery-Like Prizes Coax Savings. What’s the Risk in Expanding Them?

Re:Lottery-Like Prizes Coax Savings. What’s the Risk in Expa... by bovine3dom on Friday December 21, 2018 @06:22PM (#18737623)

So kind of like https://www.nsandi.com/premium-bonds ?

Those are government bonds, but it's not far off your idea.

Edit: for clarity, the effective rate paid does vary over time according to interest rates, which usually have some relation to how well the markets are doing.

[ Parent | on HN ]

Re:Lottery-Like Prizes Coax Savings. What’s the Risk in Expa... by zozbot123 on Friday December 21, 2018 @08:17PM (#18738228)

> interest rates, which usually have some relation to how well the markets are doing.

Uh, maybe? There is a positive correlation of sorts, but it's nothing to write home about. It doesn't seem like this product was designed with any attention to the potential of better-than-fair payouts.

[ Parent | on HN ]

Re:Lottery-Like Prizes Coax Savings. What’s the Risk in Expa... by walshemj on Friday December 21, 2018 @07:37PM (#18738042)

Its 1.4% at the moment - which is good for the UK

[ Parent | on HN ]