Premium Bonds

Premium Bonds are a type of savings account in which customers can put money into and the interest paid is decided by a monthly prize draw. In 1963 I purchased 2 yes two 1 Premium Bonds with my summer hols working pay.

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Premium Bonds are popular tax-free savings vehicles provided by NSI but unlike with traditional savings accounts you dont actually earn interest on them.

. Premium bonds operate in the same way as a lottery so you could hit the jackpot or never win a single prize. Customers can also choose to have prizes reinvested into more Premium Bonds giving them more chances of winning prizes in. The winners are chosen by Ernie the NSIs Electronic Random Number Indicator Equipment.

Well send confirmation of any transactions made prizes won and payment for cashed-in Bonds to the nominated parent or guardian until the child is 16. I have diligently informed ERNIE of my change of address and checked the numbers on line I. Instead each 1 bond is entered into a monthly draw with the chance of winning thousands of prizes including the jackpot of 1m every month.

WITH less than 10 days to go until the next NSI Premium Bonds millionaires are announced Britons are wondering if there is anything they can do to boost their chances. The odds of each 1 bond number winning a prize are currently 34500 to 1. Premium Bonds ISAs and savings accounts.

Premium Bonds holders that still receive paper warrants need to take action to ensure they continue to automatically receive payment of their prizes. An aunt then sent me another oneyes one in the same year. Premium Bonds paper prize cheques will be phased out from December 2020.

Premium Bonds investors could win from 25 up to 1. Premium Bonds can make a special gift for a child under 16. Until the childs 16th birthday the parent or guardian named on the application looks after the Bonds regardless of who bought them.

NSI offers you 100 secure savings and investments backed by HM Treasury.

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