This popular savings product from NS&I operates differently to a typical account. We look at how Premium Bonds work.

Savings bonds have a low-risk, low-reward structure that benefits patient investors. See what to consider before investing.

If the bond is trading at a premium to par (that is, above 100), you will know how much of a capital loss you will take when the bond matures or when it is called.

Every month National Savings and Investments (NS&I) creates two new millionaires when their monthly prizes are announced. As well as the top prize of £1 millionaire, there are £100,000, £50,000, ...

For example, if you buy $10,000 worth of bonds at face value -- meaning you paid $10,000 -- and then sell them for $11,000 when their market value increases, you can pocket the $1,000 difference.

Age and time horizon: The longer you expect to live, the more growth you may need from stocks. A January report from T. Rowe Price suggests that retirees in their 60s could hold as much as 65% in ...

Data from MoneySavingExpert indicates that an investment of £10,000 in Premium Bonds would equate to a prize fund rate of just 3.25%. Ms Knight highlighted that for those with modest savings, it ...

And while you can't buy individual bonds, bills or notes with a robo-advisor, you can use one to invest in exchange-traded funds tied to a range of Treasury securities.

If you invest £10,000 in your Premium Bond account, the MSE calculator says: "With average luck, you would expect to win roughly £650 over 2 years if you have £10,000 of Premium Bonds." ...