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I currently have £1000 in premium bonds that i have had since my mom and dad bought them for me 3 years ago, so far i have won nothing. i was listening to jeremy vine on bbc radio 2 one friday afternoon and they where talking about premium bonds and things are puzzling me: martin lewis was saying, when you buy premium bonds, the bond value starts to shrink and the bonds only stays in the draw for 12 months. i hope anyone here can explain to me how bad this shrinking is for premium bond holders? also i’m confused about the bonds only been entered into the draw for 12 months, does this mean that i should get my money back and cash them in as soon as possible? oh and e one, martin lewis (i think that’s his name) talked about his website called moneysavingexpert.com which has a premium bond calculator somewhere if anyone is interested? well thanks e one and any advice regarding premium bonds will be much appreciated.

"martin lewis was saying, when you buy premium bonds, the bond value starts to shrink and the bonds only stays in the draw for 12 months" .. either you misheard or martin has no idea what he is talking about .. (most likely the latter) .. (of course, all money shrinks == it is called inflation)