You are losing your savings interest. You are gambling that money away.
I've always earned roughly the same from Premium Bonds as the equivalent savings, and it's tax free. Doesn't seem a terrible deal as long as you're filling your ISA up each year. Plus you have a frisson of excitement every month.
alt Hacker News
I've always earned roughly the same from Premium Bonds as the equivalent savings, and it's tax free. Doesn't seem a terrible deal as long as you're filling your ISA up each year. Plus you have a frisson of excitement every month.