Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Independent TV

Showing now | Lifestyle

Video Player Placeholder
Martin Lewis debunks common Premium Bonds myth: 'Absolute nonsense

01:01

Martin Lewis debunks common Premium Bonds myth as ‘absolute nonsense’

Martin Lewis has debunked a common myth about Premium Bonds as "absolute nonsense."

Premium bonds, offered by National Savings & Investments (NS&I), are a savings product. Each £1 bond is entered into a monthly prize draw, with prizes ranging from £25 to £1m.

When asked by a viewer looking to buy a total of £10,000 in Premium Bonds whether they should buy them as a whole block or in separate amounts of £500 or £1,000, the MoneySavingExpert founder explained that theyre is "no clever way" you can beat the "random-chance lottery draw."

Up next

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in