Colin believes premium bonds are not a good investment and he is not alone. Martin Lewis has a whole section dedicated to premium bonds on his website.
You may think there’s always a chance of winning, however, the NS&I website even tells you the odds of winning are 24,000 to 1 (for every £1 bond).
Our guide provides an insight into premium bonds, the dangers of holding them too long, and how you can better maximise your money.
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