Success Stories About Premium Bonds
Premium bonds are a great way to invest for your future. Not only do you get the chance to store your money in a secure environment but you get a chance to win a million pounds. Some people doubt the system but there is a plethora of success stories that prove that premium bonds are a good investment and is a great way to have fun playing the monthly lottery. Each month bond numbers are randomly picked and if are the lucky investor, you could win a prize from fifty to a million pounds. The following are some testimonials about the success for premium bonds.
Premium Bonds The Best Saving Practice for the British Citizen
There are many ways to save your money. Some people do not trust banks or the government to keep their money and keep it stored in a safe at home or even in a jar in the kitchen cabinet. The money just sits there with no interest and no chance of earning anything but a layer of dust. This is a sad way to save for a rainy day. The money could be in a savings account earning interest or it could be invested in the stock market where the money could earn a lot or maybe be lost if the market fluctuates negative. The smartest thing for the British investor to do with their money is to buy premium bonds.
Premium Bonds and the Difference Between NSI and Banks
When looking for investments such as premium bonds, you might be confused by the difference between a bank and the National Savings and Investments. Banks are usually private institutions. When you save you receive an interest on your money. The interest is determined and set by the bank which generates profit off of your money. The profit is then shared by the owners or if it is a credit union, the members share in the profit. The Savings and Investments is an agency of the British government. When you invest your money goes to pay for governmental expenditures and the government guarantees the safety of your money. You can't find that kind of guarantee at a bank.