On his website Money Saving Expert, financial journalist Martin Lewis emphasised how savers could purchase Premium Bonds with a particular mindset in order to make the most of the experience.
Mr Lewis said: “Premium Bonds are all about your mentality. They do protect your cash, so even if the returns don’t look like a good bet, it’s fine to put a non-significant portion of your money in them, provided you’re aware it’s more for fun than returns.
“Before deciding, use the calculator to look at the real odds. If you’re willing to take the gamble after that, then it’s fine.
“Many people often think, ‘I’m likely to get about one percent and there’s a small chance of winning a million’.
Published at Wed, 01 Dec 2021 08:24:00 +0000