NS&I Premium Bonds likely to yield returns for children only if they invest at least £1,000, with prize rates dropping.

Martin Lewis, founder of MoneySavingExpert, notes that NS&I Premium Bonds, a savings account with a monthly prize draw, are only likely to yield returns for children if they invest at least £1,000. Typically, with average luck, one might win nothing in a year. NS&I announced the prize fund rate will decrease to 4% from January 2025, leading to fewer high-value prizes but more £25 prizes.

4 months ago
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