Understanding Premium Bonds and Their Payout Mechanics

You asked us:

• How can we efficiently purchase property for children? Or why is it not widely encouraged, likewise with pensions for children?
• What's better: premium bonds or high interest savings accounts?

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This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.