Premium Bonds hiked to 3.7% - better than savings?

Ahead of another likely base rate increase, NS&I have improved the win rate on Premium Bonds from 3.3% to 3.7% from July.

What does this mean for your savings, and how does it compare to other accounts, including Chip which has increased the rate on easy access account to 4%

For more on the latest savings account rates go to https://becleverwithyourcash.com/savings

W A T C H N E X T

Premium Bonds: How they work https://www.youtube.com/watch?v=DBm3nymWITg&t

How much did I win from Premium Bonds? https://www.youtube.com/watch?v=M2o_QI5PKmQ

#Premiumbonds #Savings #UKSavings
MORE

00:00 Premium Bond Prize Rate increases
01:00 Prize value and distribution
02:50 What could you win?
04:58 My May and June Premium Bond results
05:50 Tax benefits
07:30 Premium Bonds vs 4% savings
09:30 Why are rates increasing?
10:32 Are Premium Bonds worth it?

S U B S C R I B E https://www.youtube.com/channel/UC_T7G3RjQe7ghD0ikr4reuw?sub_confirmation=1

N E W S L E T T E R - https://becleverwithyourcash.com/newsletter/
(You'll also get a free Quidco bonus for signing up)

T W I T T E R - https://twitter.com/AndyCleverCash

I N S T A G R A M - https://instagram.com/andyclevercash

F A C E B O O K C O M M U N I T Y - https://www.facebook.com/groups/2661970707423383/

B L O G - https://becleverwithyourcash.com
A B O U T A N D Y

Andy Webb is a money blogger and journalist. He runs the award-winning website Be Clever With Your Cash, hosts the Cash Chats podcast, presented Channel 5’s Shop Smart Save Money and writes every month for Reader's Digest. Andy also founded the community ukmoneybloggers.com.

DISCLAIMER
Content in these videos does not constitute regulated financial advice. Any offers mentioned were correct at the time of filming.

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