3 ms·
I believe this is what 'Premium Bonds' in the UK are, in a form.
by konradb 14y ago
I believe this is what 'Premium Bonds' in the UK are, in a form.
- alanctgardner2 14y agoIt certainly sounds like it, I think Levitt (see above) modelled his solution off the British system. He proposed it as a way for the US government to encourage responsible saving over gambling.
- VandyILL 14y agoAwhile ago I about the idea of creating a penny auction website that sells Certificates of Deposit. It would be just like the silly penny auction sites now, where you pay $.01 to make a bid, and each bid increases the length of the auction. When the auction finally expires whoever has the final bid pays that price and gets the CD. Thought it would be a way to get people to transfer more wealth to savings by committing to CDs while purchasing them at discounted rates.