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Martin Lewis confirms whether Premium Bonds are really ‘worth it’

Money Saving Expert Martin Lewis, speaking on ITV’s This Morning, shared his verdict on whether National Savings and Investments Premium Bonds are worth investing in.
Premium Bonds, which require a minimum £25 investment, are used by many as a savings method that offers a chance to win up to £1 million, although Lewis has questioned their overall value.
Lewis responded to a viewer question about Premium Bonds from The Martin Lewis Money Show studio, explaining that the Premium Bonds prize rate is 4.65%, but with typical luck, investors will likely earn less than that average.
Lewis stated that Premium Bonds are 'for some people,' noting that for every person who wins £1 million, many others win nothing, and that if you're putting in a few hundred pounds and don't pay tax on savings, a normal savings account is better.
Lewis assured investors that their money is safe with NS&I and can be withdrawn, while characterizing Premium Bonds as 'a savings account where the interest is dictated by a lottery'.

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Birmingham Mail

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24 million people with Premium Bonds must take action after NS&I update - Birmingham Live

Players with National Savings and Investments can use the NS&I online prize checker tool, or the Premium Bonds prize checker app, to check whether they have won.

9 days ago·Birmingham, United Kingdom

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Ilkley Gazette

+12 Reposted by 12 other sources

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Martin Lewis confirms whether Premium Bonds are really ‘worth it’

Money Saving Expert Martin Lewis has given his verdict on whether Premium Bonds are worth it speaking on ITV’s This Morning.

10 days ago·Ilkley, United Kingdom

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examinerlive.co.uk

Millions of Premium Bonds holders told to take action after NS&I update

National Savings and Investments (NS&I) have revealed the two winners of its April Premium Bonds draw

9 days ago

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NewsGroove Uk

Good Morning Britain airs huge show change in blow to Labour government - NewsGroove Uk

Good Morning Britain returned to ITV with the latest headlines, and in a special takeover, presenter Susanna Reid was joined by financial expert Martin Lewis. His appearance on the breakfast programme was prompted by the announcement of a shocking wave of increased household finances across the UK. Martin took questions from viewers after revealing that council tax, energy bills, water, car tax, stamp prices, TV license, broadband and mobile pho…

10 days ago

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