There has been a lot of talk about the big winners when interest rates fall - i.e. borrowers. But what about people who rely on a reasonable amount of interest on their deposit accounts - the savers?Falling interest rates are a nightmare for savers, and with the Bank of England (BOE) dropping rates further, what options do you have if you are a saver?National Savings have often been chosen by savers looking for a safe place for their money with a reasonable rate of interest. But even Premium Bonds have become a victim of the rate cull.As the banking crisis dragged on, many flooded National Savings & Investments with new deposits. This was perhaps understandable, because of the 100% guarantee offered by the government.But, following the rate cut, the Premium Bond prize fund rate was lowered to a paltry 1.8% per annum. This means that the odds of winning a prize were slashed from 24,000 to 1 to a stingy 36,000 to 1.Index-linked savings certificates have also been reduced markedly, offering now only 1% above inflation over 3 or 5 years. Although with all things taken into account, perhaps this will prove attractive.Furthermore, these rates
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