Hard-pressed savers see another door slammed shut

Life got even tougher for savers last week after National Savings & investments slashed the maximum sums payable into some of its most popular products by an incredible 99 per cent. The treasury- backed savings specialist has hacked down the investment limit on its hugely popular guaranteed growth Bonds and guaranteed income Bonds from £1 million to just £10,000 per person, with immediate effect.