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Are Premium Bonds Worth Investing In? I’m not so sure.

 

For years Premium Bonds have been a popular choice among investors, offering the chance to win monthly cash rewards.

In the first of a new series of short videos designed to answer the most common questions posed by clients, I’ve made a short video comparing Premium Bonds to high-interest savings accounts, revealing which is more likely to give you the highest rate of return. With 2 lucky millionaires every month, it seems incredibly tempting to buy the maximum amount of Premium Bonds allowed, £50,000, and sit sipping pina colada’s until the day comes. In reality, however, the chances of actually beating the next best savings account are incredibly slim.

A well-balanced investment plan following a principle of evidence-based investing is what’s called for.

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