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NS&I: Premium Bond reviews

Name: Premium Bond
Rating: 2.85 (148 reviews)

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2.85

Based on 148 reviews, last reviewed 28th Feb 2026

100% increase in 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

36%

13%

42%

Latest highest rating:

5

Tax free savings, instant access and the joy of drea... Tax free savings, instant access and the joy of dreaming for the big win! Reviewed on: 28th February 2026

Latest lowest rating:

1

40k in premium bonds for 5 months and only won £175. 40k in premium bonds for 5 months and only won £175. 3 months won nothing. Much better off in shares or high interest savings account. Reviewed on: 6th March 2025

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About this product

NS&I bond reviews are honest reviews written by people like you. While many people look at the interest rates on offer, what about the NS&I's customer service? Smart Money People is fast becoming the UK's leading source of independent NS&I bond reviews. We need your help! By writing your honest reviews, you can help increase trust and transparency in the financial world.

NS&I Premium Bond reviews (148)

Review of the NS&I, Premium Bond:

Safe but worth it as interest rates rise?

Used to be a dead cert for somewhere to keep money safe when savings interest rates were next to %zero. Now savings rates are returning a sum of sorts it's worth thinking if gambling £50 a month guaranteed loss of interest is worth it versus potential winnings. Reviewed on: 27th February 2025

Money is safe

you know that your money is safe and there is always the chance of a big win. However even though I have £1000 invested I have only had one win of £25. There will always be winners and losers but I know my money is safe Reviewed on: 28th March 2016

DONT BANK ON THE BIG ONE

You dont go in the draw immediately - you have to hold for a full calendar month which is disappointing. So far I have has a few small wins of £25 each and I live in hope of something bigger. Have the security though that my money is safe Reviewed on: 28th March 2016

hope to win

This is a safe place for your money and you are not losing much when interest rates are so low. I have £10000 invested and have won £50 in the last 6 months. not much really but I live in hope of the big one Reviewed on: 28th March 2016

Beats standard interest rates

With interest rates so low I wanted some way of boosting my savings without any risk. I have £3k in bonds and have won once in 6 months netting me £25. This beats the poor interest earned on the same amount in my isa plus there's a chance of winning bigger. Reviewed on: 28th March 2016

no wins

money is safe but have got £1000 invested and have never had a win. Still there is always hope and I shall leave it there Reviewed on: 24th December 2015

still hoping

easy enough to buy although you have to hold them for a full month before they go in the draw. Its a bit of fun rather than a proper investment but the money is safe and theres always a chance of a big win Reviewed on: 24th December 2015

live in hope

It was easy to buy the premium bonds. Return not good as I have £1000 worth and am still waiting for a win Reviewed on: 31st August 2015

Not a great return

I have invested a reasonable amount in premium bonds among other products but this is has to have the worst return,I have only won 3 prizes in 18 months. Reviewed on: 31st August 2015

stand a chance of a big win

easy to buy but you don't go into the draw until you have held bonds for over 1 month. There is always the chance of a big win and your money is safe Reviewed on: 31st August 2015

A little return with a bit of fun

Having held premium bonds for a number of years my return is around 1-1.5% per year on my holding.I enjoy getting the cheques for £25 and the hope i may win a better prize but there are certainly better deals around if you want better rates, but for most the thrill is worth the small loss in interest. Reviewed on: 30th August 2015

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