Premium Bond changes: why they're still a bad investment

The amount you can put into Premium Bonds is about to rise, but for the average investor they're a bad deal

UK currency
(Image credit: 2008 Getty Images)

We're expected to pour millions of pounds into premium bonds next week, as a change in the saving limits causes a rush of demand. But, you'd be mad to put your money in these bonds if you actually want to make a return.

The maximum amount you can save in premium bonds will rise by £10,000 to £50,000 on Monday 2 June, only the second rise in ten years. It is expected to lead to a flurry of deposits as loyal savers look to add to their existing premium bond holdings.

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