Premium Bonds

If you have a cheque and its expired dont worry just ask us for a replacement. Prizes range from 25 to 1 million tax-free and.

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However rather than offer a consumer a guaranteed interest return for the monies invested the interest funds a monthly prize draw for tax-free prizes.

. 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. Premium Bonds are an investment product created by National Savings and Investment NSI - in which savers are entered into a monthly draw. Until the childs 16th birthday the parent or guardian named on the application looks after the Bonds regardless of who bought them.

Other prizes range from. Every month more than a million prize-winning Premium Bond numbers are chosen at random and two bond-holders pocket 1m each. Since they do not expire you can still cash in old paper Premium Bonds if theyve been selected.

Every month the Premium Bonds are put into a monthly drawing to win tax-free prize money from 25 to 1 million. 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. Premium Bonds can make a special gift for a child under 16.

For security Premium Bonds prize cheques expire after 3 months. First find your. This means that if a consumer is selected to win a prize then it is exempt from both.

Buying for your own. To avoid problems like these you can choose to have your prizes paid straight to your bank account or reinvested into more Bonds these are quick easy safe and green ways to receive your winnings. Premium bonds are a product governed by National Savings and Investments NSI which is essentially a savings account.

Premium Bonds are a type of savings investment offered in the UK by National Savings and Investment NSI.

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