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  • Savings vs premium bonds?

    The prize fund rate for premium bonds is dropping from the December draw – from 1.4% to 1%….  As are the NS&I interest rates on savings accounts from November 24th…..  We updated our guide on premium bonds vs savings accounts as a result – we’d love to hear your thoughts and experiences on premium bonds!

    Are Premium Bonds better than savings accounts?

    Posted by Stuart
    • Reply by gerry.beaton

      I think the only way you can get a decent return is to have the full £50,000 at least the winnings are usually £25+ per month more than one would earn on other accounts – not really worth investing in them now I wouldn’t think not for the time being anyway …..

    • Reply by mel

      Such a shame that the prize rate on Premium Bonds will fall from December! I wonder if this has make anyone decide not to invest in them any more as a result, or whether they think they are still worth a punt?