Even though there's no guarantee in what you could win with Premium Bonds (if anything), people hope they might get lucky and net big prizes.

To get an idea of how that might pan out, Andy asked three people with the maximum £50,000 saved what they won in a year. Though your own situation will differ, it's a great way to understand how they work.

W A T C H N E X T

New ISA rules explained
   • How many ISAs can I have? New rules e...  

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#premiumbonds #saving #moneysaving

TIMESTAMPS

00:00 How much could you win with Premium Bonds?
02:27 Saver one's results
03:26 Saver two's results
04:48 Saver three's results
06:50 How they compare to average prize draw rate
08:05 Premium Bonds vs savings
08:55 How your tax bracket affects your returns
10:39 How Premium Bonds compare to ISAs and easy access
12:47 Are Premium Bonds worth it if you don't have £50K to invest?


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W E B S I T E https://becleverwithyourcash.com


A B O U T A N D Y

Andy Webb is a money blogger and journalist. He runs the awardwinning website Be Clever With Your Cash, hosts the Cash Chats podcast, presented Channel 5’s Shop Smart Save Money and writes every month for Reader's Digest. Andy also founded the community ukmoneybloggers.com.

DISCLAIMER
Content in these videos does not constitute regulated financial advice. Any offers mentioned were correct at the time of filming.