2023-2024 Form

Instructions and help about Cash In Premium Bonds Please Make Sure You Read Th

so one of the most popular videos on my channel is my look at premium bonds how they work and how they compare to savings accounts well i've actually had my money in premium bonds for a year now so i've always a good opportunity to give you an update and show exactly how much money i've made in comparison to if i put them in a best easy access savings account available at that same time so i put 10 grand into premium bonds on the 31st of january 2021 so that's 12 months they've now been in that account one year exactly if i had put the money into the best easy access account right now let's say i opened up an account right then on that date the rate i was got would have got was 0.55 which is pretty poor it did get better throughout the year so maybe i could have moved the money up a little bit but who knows but that means i would have got 55 pounds in interest i would have got it that would have been fixed that would have been an absolute certainty i'd have got that money because obvio