It’s almost impossible to get a bank or building society current account that pays interest these days, and the interest rates on savings accounts are very low. So where’s a good place to stash your cash? Have you considered buying Premium Bonds?

Investing in NS&I is safe, simple and gives you the chance to win bundles of money. Money Saving Expert Martin Lewis provides a superb guide on his site at http://www.moneysavingexpert.com/savings/premium-bonds-calculator/

While his calculations and research show that Premium Bonds aren’t in fact the best investment you can make, they’re nowhere near the worst. And we think he’s missing the point. OK, the average annual winnings are slightly less than you’d get from a good savings account. But you don’t get the chance to win a million with a savings account. With Premium Bonds, you can win various sums – a million, £25,000, £50,000, fifty quid and more - and there’s a draw every month.

It’s a bit like people who say “You’ll never win the lottery, the odds are too low”. They’re missing the point too. Just because the odds of winning the jackpot are forty two million to one, it doesn’t mean you won’t be the winner. As their adverts used to say, it could be you. There’s no logical reason why not.  

With NS&I you can get your money back very quickly if you need to cash your bonds in too, unlike the best paying savings accounts, some of which tie your money up so it’s unavailable for 1, 5 or more years.

Perhaps saving money via Premium Bonds is for optimists. People who believe great things can happen, who would rather look forward to a potential windfall every month than stick their money in a boring, dusty old bank where there’s no earthly chance of hitting a jackpot!

You can buy online in a couple of minutes – one good idea is to sweep what’s left in your account at the end of each month and invest it in Premium Bonds. Alternatively, why not tot up the savings you make every month with us and invest with NS&I?