Some money has come my way and I have become interested in premium bonds. I'm not incredibly knowledgeable in these particular bonds, so pro's and cons along with any opinions would be good.
I hold £5 worth of premium bonds. My uncle bought them for me when I was just a baby. I've won once and won £50. My sister won £50 three times as well
They're not like stock market bonds though, they're just like a lottery. A machine pulls a random number out its ass and and you can win various different prize levels. My parents bought quite a large sum of them many years ago and so did a couple of their friends and their friends won quite a bit once. Don't really know the details.
I'm much rather have had the money invested somewhere that earned interest all these years though.
They're not worth it senpai
Just get a FTSE tracker or something.