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

The Treasury-backed bank has launched new two, three and five-year bonds, and changed the rate on its Junior Isa. Are they ...

Premium Bonds cuts prize rate again – are they still worth it? - Martin Lewis’s advice site says the changes make Premium Bonds ‘even easier to beat’ ...

The number of £25 prizes is also set to increase for August’s draw, with an estimated 2.56 million available, up from 2.19 million. The savings held in Premium Bonds don’t accrue interest as ...

In terms of winners who had smaller Premium Bonds holdings, someone from the London borough of Newham won £1 million in July 2004 with a Premium Bonds holding worth £17.

Premium Bonds don’t operate like a usual savings account or bond. Instead, bondholders are entered into a monthly prize draw for the opportunity to win prizes worth between £25 and £1 million.

Right. And once you cash in those savings bonds, as we realized, you get a nice little form that you get to submit to the IRS when you have to pay your yearly taxes.

The program will need about $450K per year just to fund the bonds, and no money was set aside in the budget to fund it.

The BECU Member Advantage Savings account offers a competitive 6.17% APY, but only on balances up to $500, earning you around $30 annually. For amounts over $500, the APY drops to 0.40%.