Are Premium Bonds A Good Place for Children's Savings?
The Premium Bond prize rate fell to 1% this month, meaning that the probability of winning the £1million prize (or any prize for that matter!) has decreased. Martin Lewis reckons that you need to have at least £10,000 invested to have any chance of winning a prize. Premium Bonds are a safe place for cash, but the value of the money invested could be worth less in the future with rates this low.