In March 2023, the prize rate for NS&I’s premium bonds rose to 3.3%, thanks to the fifth increase in the past 12 months. That’s great news for the 22 million premium bond customers, as it’s higher than most instant-access savings accounts are offering, but does the prize rate tell the full story of how much you can expect to win?
In this video I explain how premium bonds work, so you can decide whether they’re good value and should form part of your savings and investment plan.
➡️ Check the median rate for your premium bonds: www.premiumbondsprizes.com
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⚠️ This video is for information and entertainment only. Nothing on this channel constitutes financial advice. Please do not make any decisions based on the contents of my videos; seek professional independent financial advice first!
