Martin Lewis flags Premium Bonds trade-off as 4.5% UK savings rates stay on top
MoneySavingExpert’s December 29 update lists easy-access savings rates up to 4.5% and one-year fixed deals at 4.46%. NS&I says Premium Bonds offer a 3.60% annual prize fund rate with 22,000-to-1 monthly odds per £1 bond. Martin Lewis advises most savers will earn more from guaranteed interest unless tax is a factor. The next Premium Bonds prize draw is set for January 2.