💨 Abstract

Martin Lewis, a finance expert, advises that most people could earn more by placing their money in high-interest savings accounts rather than Premium Bonds, which offer tax-free prizes through a monthly draw. The current win rate is 3.6%, and while Premium Bonds are risk-free, there's no guarantee of winning. They might be beneficial for those who have used up their ISA allowance or want to avoid tax on savings. The average yearly prize rate is 3.6%,

Courtesy: Eleanor Noyce