Premium Bonds with £50,000 are not a retirement plan. They’re a conversation starter. You tell your mates at the pub, “I’ve got fifty grand in Premium Bonds,” and they nod wisely, as if you’ve cracked a code. In truth, it’s financial Netflix: you pay for the subscription, hope for a blockbuster, and often just watch reruns of £25 wins.
So go ahead. Put your savings in. But also keep a normal savings account for emergencies. Because winning £25 is fun, but knowing you can pay your energy bill is actually winning. And if you ever win the million? Invite me over for a pizza. I’ll bring the sides.
