Should your money actually be in Premium Bonds — or is it quietly earning nothing?

More than 24 million people in the UK hold them, but 14.4 million have never won a single prize. With the prize fund rate cut four times in two years and now sitting below the best savings rates, most people have no idea whether their money is working or just sitting there.

In this episode I break down exactly who wins with Premium Bonds and who doesn't, how they compare to savings accounts and ISAs with real numbers, and the critical tax changes arriving in April 2027 — including a cut to the Cash ISA allowance and rising savings interest tax — that will shift the maths for millions of savers.

With over 25 years advising on UK pensions and retirement planning, I've seen too many people holding Premium Bonds by default. This episode gives you a clear framework for where your money should actually sit.

Watch this episode in full on our YouTube channel: https://www.youtube.com/@retirementandmoney