Premium Bonds, which offer a chance to win £1 million every month, are the most popular savings product in Britain, with over 22 million participants. However, there are both pros and cons to consider when deciding whether to invest in Premium Bonds. On the positive side, Premium Bonds offer the opportunity to win big prizes without risking any of your savings. The money is easily accessible and 100% backed by the Treasury. Additionally, Premium Bond prizes are tax-free, which can be advantageous for savers who may exceed their savings allowance and face a large tax bill with other savings accounts. On the negative side, the chances of winning the £1 million prize are very small, and the average return on Premium Bonds may be lower than other savings accounts. For example, investing £50,000 in a top easy access account could yield returns of £1,775 per year, compared to the uncertain returns of Premium Bonds. Overall, the decision to invest in Premium Bonds depends on individual preferences and circumstances.

🔗 [ Ссылка ]

#investing #Stockmarket #money

свернуть