Martin Lewis and his Money Saving Expert Team have given advice on those who are debating investing in Premium Bonds.
NS&I Premium Bonds are a savings account you can put money into (and take out when you want), where the interest paid is decided by a monthly prize draw. You buy £1 bonds and each has an equal chance of winning, so the more you buy, the more your chances improve.
They are the UK's biggest savings product, with more than 21 million people saving over £117 billion in them. But with other savings rates creeping back up – should you still be buying Premium Bonds?
