This week marks 70 years since Premium Bonds went on sale, creating what would become one of the most recognised financial products ever launched.
Chancellor Harold Macmillan revealed the plan in his Budget on April 17, 1956. He said: ‘I have something completely new for the saver in Great Britain; that is, a Premium Bond.
‘Let me say at once that this is not a pool or a lottery, where you spend your money.
‘The investor in the bond which I propose is saving his money. He will get it back when he wants it.
‘But as long as he holds it saved, his
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