Premium bonds prize rate CUT AGAIN

From the December draw you’ve got a lower chance of winning.

After some massive base rate increases from the Bank of England that saw the Premium Bond prize rate hit the highest level since 1999, they’re now on the way down.

Here’s what this means for your chance of winning.

READ THE ARTICLE

W A T C H N E X T

Savings: compound Interest, AER and Gross explained (what you need to know)

#premiumbonds #savings #investing

TIME STAMPS

00:00 The Premium Bonds prize rate is being cut to 4%
01:10 The new prize rates and what you could win
02:25 Is it time to ditch your Premium Bonds?
02:44 How do they compare to savings accounts?
03:49 Why the rate has been cut
04:55 Are Premium Bonds right for you and your finances?

MORE

(You'll also get a free Quidco bonus for signing up)

A B O U T A N D Y

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

[jjames]

I have been very lucky 2 wins with 1K 150 pound so far in 5 months 😊

[kaxar]

I can't recall a month where I have not won anything since 2021. Usually my monthly prizes range from £50 to a maximum of £350. Just want to a high value prize.

[jordanbudd]

I recently found out my Nan brought me £100 of bond about 25 years ago. Finally got access to the account to find out it’s never had a single win 😅

[boookmonk]

if a lot of people leave premium bonds, would that increase the winning chances for people who stay?

[Dessan]

Yeah it’s rubbish, but I’ve been quite lucky recently (Which statistically means I’m due a drought now) what you have to remember is, interest rates on savings accounts are also rubbish at the moment. I gave up stressing about moving money around to make an extra tenner a month interest and put everything into premium bonds - there’s always the chance of hitting that life changing money. Whereas putting money in savings and building society accounts nets me a pathetic interest, I hardly notice.

[jakesandford]

Great content, as always 💪 super useful

[OwpunRiplys]

Having avoided stocks since the pandemic, I want to give it another go. I am considering a 70/30 stock and bond ratio with $800, 000 received from sales of my Bel-Air properties. What stocks do you think have the best chance to 10x in 5 years?

[rarrkind]

What date is the best date to withdraw? 10k in last 3 years maybe won 150 in total

[LawrenceTimme]

I have had premium bonds since 2002 and ive never won anything 😂😂😂 they are shite. I'm going to take mine out but it's a massive massive pain. Because I got mine before they were online to access them now I have to post off a letter. What a joke. 😂😂😂