NS&I Premium Bonds | Are they worth it? | Prize Cuts
Channel: Financial Madness
Date: 2020-12-28

NS&I Premium Bonds are the UKs biggest savings product with over 21 million people saving in it today. But Premium Bonds have  recently come under fire, as the NS&I made some unfavourable changes to Premium Bond in the way it rewards customers for saving (cutting the Prize Rate) and for it poor level of service during Covid-19, which included several customers complaining about delays in withdrawing money from Premium Bonds.

We will be discussing what Premium Bonds are? How Premium Bonds work? and if you should be investing in Premium Bonds.

Chapter Information:
0:00 Introduction
0:39 What are NS&I Premium Bonds?
1:10 How do NS&I Premium Bonds work?
1:58 How to apply for NS&I Premium Bonds?
3:13 What are the chance of winning?
6:17 Are NS&I Premium Bonds worth getting?

▶NS&I Premium Bond:
https://www.nsandi.com/products/premium-bonds

Online: https://www.nsandi.com/products/premium-bonds
Telephone: 08085 007 007
Post: NS&I, Sunderland SR43 2SB

▶Love Money - Premium Bonds
https://www.lovemoney.com/guides/5317/premium-bonds-odds-winning-prize-investment-average-win-rate

▶Money Saving Expert - Premium Bonds
https://www.moneysavingexpert.com/savings/premium-bonds/

DISCLAIMER - Any advice or (statements perceived to be advice) given in this video and any other videos on my channel are for information purposes only, and does not act as financial advice.  Your  are fully responsible for your financial decisions. If you are in need of Financial Advice, please seek out a professional advisor. If your are unsure on how to do this, feel free to reach out to me and I am more than happy to guide you.

#PremiumBonds #NSANDI #PremiumBondCuts