Premium Bonds: alternative savings accounts which offer higher returns

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The nation’s favourite savings account

Premium Bonds are the nation’s favourite savings account, with an incredible £68 billion held in bonds across the UK in total, a staggering amount really.

In recent years, that number has jumped sharply as the maximum amount that could be held in bonds has increased, initially to £40,000 in June 2014 and then up to £50,000 the following year.

There are a few obvious attractions to putting your money into a Premium Bond. For starters, there’s the fact that your cash is completely protected by the Government.

Premium Bonds are run by the Government-backed National Savings & Investments, and so every pound you put into them is entirely safe.

 

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