Why Invest in Premium Bonds?

Most people invest their money in savings bond or the stock market. Premium bonds are a good way to invest your money and have fun at the same time. Most savings plans give you the interest rates and overtime if you have spent a lot of money, it's really not make that much money for you. The meager interest on a savings account or a savings account will give you only a few cents and perhaps dollars a month. Some of the investment plans will not even allow you to change the money from the bank, without interest.

In stock market accounts, you have the chance to make big money, but most of the time you will go up even as the shares. A premium bond does not give you an interest rate, but they give you something better. A premium bond offers the possibility of a monthly lottery, which is well over a million dollars to win. The price is not just for one person. There are actually two grand prizes and over a million and a half more. If you invested $ 10,000 pounds, you have a 19% chance of winning some kind of prize money. In other words, the chance to win or 1 in 21,000. Not only the possibility of winning is exciting, it's more fun than looking forward for a win Watch your money sitting in a bank when you will know what the final out come. The premium bond is like money in the bank and each bond has a unique number. Each bond costs one pound, and you must make a minimum of ฃ 100 to place an order.

The premium bond is so popular in the United Kingdom that has over a third of the population saved money this way. Savings accounts and government bonds are stagnant. You agree that the interest in advance and interest rates will not rise or fall. No matter how much money the bank or the government is making on the bond markets, you will only get your agreed that percentage. Even if the bank makes a twenty percent profit on your investment, you are only the three agreed to five percent for you. If you need the money and take it from the investment program, you lose the interest that you were promised. They would invest the money for perhaps years and had only one back what you put on

With Premium Bonds you can get your money back if you want. Since you did not really agree on an interest rate that you are not losing anything. The only thing you missed out on the chance of winning one of the prizes. Premium bond proponents are not promising you has anything but a chance, a chance to better opportunities and more chances to win in competitions then in existence. Even a small reward will not pay interest on bank accounts or U.S. government bonds.