Should you put your entire life savings in Premium Bonds just to chase the million? Absolutely not. That’s a terrible idea. You’d be better off with a normal savings account for emergencies.
But should you have a small fun money stash in them? Oh, absolutely. It’s like a secret little casino that you can walk away from anytime. No addiction risk. Just a monthly dopamine hit.
Set up a direct debit. £50 a month. £100. Forget about it. Then, every month, check the app. Scan the results. Groan at the £25 prize. Laugh at the nothing burger.
And then, one day, you might see that golden M. Your phone might fall out of your hand. Your cat might look at you weird. Congratulations. You just beat odds of 55 billion to one.
Until then, keep saving. Keep dreaming. The odds are terrible. But they’re exactly the same for everyone. That’s the fun part.
So go on. Buy a Bond. It’s the only investment where you can smile while losing to the house. And remember: someone wins every month. Why not you? (Famous last words.)
