Are Premium Bonds worth having? | Savings that can make you a millionaire
What are NS&I Premium Bonds? Are they still worth having in 2021?
Premium Bonds are an investment product issued by National Savings and Investment (NS&I). Instead of interest you are entered into a monthly prize draw where you can win between £25 and £1 million completely tax free.
NS & I reduced the prize rate in December 2020 and I discuss what the prize rate really means, the likelihood of winning and how premium bonds compare to savings account and whether they are worth having.
Useful links:
https://www.nsandi.com/products/premi...
https://www.moneysavingexpert.com/sav...
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DISCLAIMER - Remember that any information shared in this video is my own opinion and is shared for information purposes only. It should not be replied upon as advice (financial or otherwise).