ERNIE AND TNT POST !

[somerset]

Whilst prepping this morning noticed ERNIE ( premium bonds) have shifted over to TNT from mailsort? Yeah we will do the final mile lads! Another contract gone from our government!

[andy2007]

I thought that ERNIE was owned and run by The Post Office. So how could the contract have gone to someone else?

[Lounge Lizard]

History and Development
 The Post Office Savings Bank (POSB) was established in 1861
 The POSB was more popular than retail banks and savings banks because:
1. National coverage was provided via the post offices
2. Deposits and interest of 2.5% were guaranteed by the State
3. Deposits were placed with the Bank of England and invested in government securities
 The POSB continued to expand, with funds reaching a peak of £1,982m in 1946
 The movement declined in the 1950s / 1960s due to the uncompetitive interest rates being paid and a lack of competitive services
Reform and Revival
 The POSB headquarters moved from London to Glasgow in 1966
 Investment accounts were introduced, offering higher interest rates thus arresting the decline
 The name was changed to the National Savings Bank (NSB) in 1969
 In 2000, the NSB was absorbed into the NS&I – a part of the Treasury which raises funds for the government
 NS&I offer various savings certificates and bonds – some have tax concessions

[pizz_flap]

History and Development
 The Post Office Savings Bank (POSB) was established in 1861
 The POSB was more popular than retail banks and savings banks because:
1. National coverage was provided via the post offices
2. Deposits and interest of 2.5% were guaranteed by the State
3. Deposits were placed with the Bank of England and invested in government securities
 The POSB continued to expand, with funds reaching a peak of £1,982m in 1946
 The movement declined in the 1950s / 1960s due to the uncompetitive interest rates being paid and a lack of competitive services
Reform and Revival
 The POSB headquarters moved from London to Glasgow in 1966
 Investment accounts were introduced, offering higher interest rates thus arresting the decline
 The name was changed to the National Savings Bank (NSB) in 1969
 In 2000, the NSB was absorbed into the NS&I – a part of the Treasury which raises funds for the government
 NS&I offer various savings certificates and bonds – some have tax concessions

Blimey LL I always thought I was the font of all ker knowledge!!

[DGP1]

I thought Ernie was Berts friend but of course Bert is evil so I'm not too surprised that Ernie is up to some crap too

[Carnoustie]

Nah, Ernie is that bloke who finishes his milk delivery round so quick he goes and does a 2nd job, generating some random numbers for some geezer called Bond, innit ??

[andy2007]

Nah, Ernie is that bloke who finishes his milk delivery round so quick he goes and does a 2nd job, generating some random numbers for some geezer called Bond, innit ??

LMFAO!