What is the best thing about premium bonds?
The best and only good thing about Premium Bonds is that you have a slim chance of winning a massive amount of money each month and if you don’t win you can have your money back. Benefits A £1 million jackpot every month Chance to win every month All prizes tax-free. The downside is that over the course of time your money loses value as inflation erodes it’s value. For example when I was a little lad of about 5 my granny had to save up to buy me my £1 premium bond. Now I am 54 and if I cashed in my £1 premium bond it would just about buy me a nice ice lolly. Now you have to buy them in £100 blocks as a minimum.
