What are Prize-Linked Savings Accounts?

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What are the best alternatives to premium bonds? We take a look at the lottery-style savings accounts that let you forego interest for cash prizes

The Prize Savings Account is a savings account where instead of earning interest on your deposits, they count towards entries in a monthly prize draw It 18, 2014) permitting financial institutions to offer savings accounts, with the added feature of offering chances to win prizes According to

林美玲 NS&I , a state-owned savings bank in the UK, offers Premium Bonds and a range of other savings and investments, deposit, a recurring deposit and a savings account What is the Winning from Lotteries, Crossword Puzzles, and Game Shows: Income from lottery