Premium Bonds

[jim2007]

I know next to nothing about Premium Bonds so be gentle!

A few Q's:

Can you take you money out as and when you please or does it have to stay in for a certain period?
What are the risks involved? (i.e would it be possible to lose all your money?)
Is there a main one to use or are there a few (if a few, can anyone recommend one?)

Cheers

[Temeura]

The return is shit to be honest. If you don't need the money for a while, you'd get a much better return just sticking it in a deposit term account.