Skip to main content

Is it Safe to Invest in Premium Bonds? Insights from Martin Lewis on This Morning

Martin Lewis gives some financial advice to viewers....(read more)
LEARN MORE ABOUT: Treasury Inflation Protected Securities REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing
Martin Lewis: Are Premium Bonds Safe? | This Morning Martin Lewis, a renowned financial expert, recently appeared on the popular TV show "This Morning" to discuss a topic that concerns many savers: Are Premium Bonds safe? Premium Bonds have long been a favorite savings option for Britons, offering a chance to win a tax-free cash prize every month. However, their safety is a topic that remains highly debated. During the show, Lewis provided some valuable insights into Premium Bonds, shedding light on the safety concerns surrounding them. He stated that, unlike a regular savings account, which offers a guaranteed interest rate, Premium Bonds do not provide any form of interest. Instead, the interest earned is given back to bondholders in the form of prizes, creating a lottery-like experience. Lewis reminds viewers that Premium Bonds are issued by the UK government's savings institution, National Savings and Investments (NS&I). This means that they are backed by the UK government, which is considered one of the safest entities to invest in. The government ensures that NS&I remains financially secure, making it highly unlikely for bondholders to lose their money. However, Lewis emphasizes that while the principle invested in Premium Bonds is safe, the returns are not guaranteed. It's essential for investors to understand that they may not win anything at all. The chances of winning a prize are determined by an interest rate that NS&I sets, which currently stands at 1%. This means that for every £100 invested, the average return would be £1 per year. While some may win significant amounts, others may not win anything. Lewis emphasizes that Premium Bonds can be an exciting way to save money, particularly for those who enjoy participating in the monthly prize draw. However, he advises against treating them as a reliable investment option, stating that "They're not savings, they're gambling." To further address the safety concerns, Lewis also points out that NS&I is entirely backed by the UK government's Treasury, which means that there's no cap on the amount of money protected. This provides savers with a sense of security, even if they have a substantial amount invested in Premium Bonds. In summary, Martin Lewis's appearance on "This Morning" shed light on the safety of Premium Bonds. While the bonds themselves are considered safe as they are backed by the UK government, the returns are not guaranteed. Premium Bonds should, therefore, be seen as a fun and potentially rewarding saving option rather than a reliable investment strategy. https://inflationprotection.org/is-it-safe-to-invest-in-premium-bonds-insights-from-martin-lewis-on-this-morning/?feed_id=139294&_unique_id=65106bb817b58 #Inflation #Retirement #GoldIRA #Wealth #Investing #BreakfastTelevision #chatshow #HollyWilloughby #itv #PhillipSchofield #TalkShow #ThisMorning #TIPSBonds #BreakfastTelevision #chatshow #HollyWilloughby #itv #PhillipSchofield #TalkShow #ThisMorning
Labels:

Comments

Post a Comment

Popular posts from this blog

How to Change Password for Fidelity Investments App

How to Change Password for Fidelity Investments App In this video, I'll show you How to Change Password for Fidelity Investments App. This is the easiest and fastest way to Change Password for Fidelity Investments App. Make sure you watch until the end of this video to find out How to Change Password for Fidelity Investments App on Android and iPhone. These methods work on Android as well as iOS 11, iOS 12, iOS 13, iOS 15 and iOS 16. Hope you enjoy! Video Parts: 00:00 Intro: How to Change Password for Fidelity Investments App 00:07 Changing Password on Fidelity Investments App 00:38 Outro: Ending Thanks for watching! ❤ Bytes Media © 2022 Topics Covered: Bytes Media how to how to fix How to Change Password for Fidelity Investments App how to change password for fidelity investments fidelity password fidelity login how to change fidelity wifi password i forgot my fidelity online banking username and password fidelity password requirements fidelity customer service fi...
Post a Comment
Read more

How Annuity Education Can Help You Effectively Plan for Retirement with Annuities: Insights from IBC Global

Want to Learn If An Annuity Is Right For You? Thank you all for watching! Don't forget to subscribe for more! DISCLAIMER: All advice and/or opinions expressed in our videos are the result of our experience in the insurance and financial industries. Any action taken based on the information expressed in our videos is the sole responsibility of the viewer. All content produced by Steve Parisi and ILS Products is made for informational purposes only. #Finance​ #Annuity​ #Insurance... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Annuity Education: Effective Retirement Strategy - Utilizing Annuities Retirement planning is a crucial aspect of everyone's financial journey. With the goal of maintaining a comfortable lifestyle after ending decades of work, individuals often seek strategies that provide a st...
Post a Comment
Read more