So I used to have an NS&I Premium Bonds Account and it was actually, weirdly exciting to see if I had won some money every month.
Now that Monzo are pushing and bringing out lots of different savings vehicles I thought it worth putting forward this idea. It doesn’t have to be tied to NS&I - just that’s the example I’m using as to how it works.
For Monzo they could create a “savings” pot with no minimum, and for every £x in the pot you receive x tickets or have x% chance of winning certain rewards every month, I think NS&I give out the top prize of £1 million but I’m not suggesting Monzo go near that.
Could be a fun way for Monzo to receive more money in Pots and incentivise those who don’t have the £500 initially upfront to have the chance to save money away and possibly win some.