Many of our clients hold premium bonds, some holding these for many years hoping they might win the jackpot.
Unless you have been a luckily winner of the jackpot, as an investment, these NS&I products offer relatively poor returns.
Recently Moneysaving expert did a good piece on these which you can read here: http://www.moneysavingexpert.com/savings/premium-bonds
The latest news is that Premium Bond prizes will be cut again from this May. This means the number of £100,000 prizes each month will fall from three to two, and there will also be fewer £25,000 prizes.
Moneysaving experts report shows that the chance of winning £0 is a virtual certainty and even winning £25 is as low as 1 in 30,000.
If you considering moving out of premium bonds, please do not hesitate to give us a call.
Our first meeting is always without charge or obligation.