Bonds less popular as saver panic dies; your money.Byline: CLINTON MANNING SAVERS have pulled pounds 1billion out of Premium Bonds and other poorpaying Government-backed accounts in the past three months. The figures, from National Savings & Investments, suggest that fears of banks collapsing have eased. At the height of the credit crunch Credit Crunch An economic condition whereby investment capital is difficult to obtain. Banks and investors become weary of lending funds to corporations thereby driving up the price of debt products for borrowers. investors were piling record sums into NS& I, which was seen as a safe haven 1. Designated area(s) to which noncombatants of the United States Government's responsibility and commercial vehicles and materiel may be evacuated during a domestic or other valid emergency. 2. . But pounds 4.5bn was withdrawn in the past three months - pounds 1bn more than was invested - as customers went in search of higher returns. "The flight to safety is now over," boss Jane Platt admitted yesterday. |
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