Best price savings accounts: Savers urged to ‘get ahead of the game’ now as inflation bites | Own Finance | Finance

Savers can earn up to £1million in the prize draw. The attract is randomised with each Bond possessing the exact same prospect of successful.

Nevertheless, Laura Suter, head of personalized finance at AJ Bell, mentioned savers need to “look at the modest print” before investing in Premium Bonds as a saving possibility.

She stated: “Your odds of truly winning a prize haven’t improved and remain at 24,000 to 1 for every single £1 bond you hold.

“But if you do acquire a prize you’re a lot more most likely to acquire a even bigger sum, as the prize fund has been boosted.

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