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  • Emma Wallington

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.


https://www.moneysavingexpert.com/news/2020/12/martin-lewis-reveals-who-should-have-premium-bonds/?fbclid=IwAR1K1PCk_bYpdlrUNxT3Af23RPTzs6LeLPDA9OL30o1uOkzD-h0nTV60f38




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