Are bonds better than savings accounts?
Their biggest advantage is that their regular interest payments are much larger than savings accounts.
Additionally, the interest rate on a bond is guaranteed once you buy it.
If you are nearing retirement, or want to turn a lump sum of cash into an income stream, bonds are the way to go..
Are Premium Bonds worth having?
Premium Bonds could be worth investing in if: You have a lot of money to save – the more bonds you have, the bigger your chance of winning a prize. You pay tax on savings interest (and have already used up your annual cash ISA allowance)
Is it better to buy premium bonds in a block?
A There are all sorts of theories. However there is absolutely no evidence that holding premium bonds in a single block has a better chance of winning.
Are premium bonds savings or investments?
Premium Bonds are an investment product issued by National Savings and Investment (NS&I). Unlike other investments, where you earn interest or a regular dividend income, you are entered into a monthly prize draw where you can win between £25 and £1 million tax free.