Property News · May 30, 2015

Premium bonds: a safe bet for your savings or just a waste of time?


One investor won £1m with just £400 in holdings earlier this year, but the odds are stacked against consumers in this lottery-style investment productIf you are one of the UK’s 21 million premium bond holders and haven’t had much luck, you may be convinced that you need to have a big sum invested to be in with the chance of winning the £1m jackpot. Yet, as recently as January this year, a woman from Leeds struck lucky and bagged the top prize with just £400 in total holdings.But while this is proof that such a win is possible, it is rare. Generally, the more you have invested, the greater your chances of winning a prize. Continue reading…

Source : theguardian.com
Read more…Premium bonds: a safe bet for your savings or just a waste of time?

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