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  • Reader's Digest UK

    Are Premium Bonds For You?

    Aug 17, 2021 3 minutes

    THE LAST YEAR has seen a rush of cash put into Premium Bonds. Low interest rates elsewhere and the chance of winning £1 million has been enough to tempt millions of savers to take a punt.

    So should you be joining them? Here’s what you need to know.

    What are Premium Bonds?

    Premium Bonds are issued by the government via National Savings & Investments, or NS&I. In return for investing your cash with them,

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