Premium Bonds

At present it is issued by the governments National Savings and Investments agency. A Premium Bond is a lottery bond issued by the United Kingdom government since 1956.

Not So Happy Days Ns I Slashes Premium Bonds Prize Pot Savings The Guardian

Premium Bonds are valued at 1 each and the minimum holding is 25 maximum 50000.

. If you held the maximum of 50000 you would on average win one-two prizes a month although they would most likely all be 25. Hannah Jewell invested PS1700 in a high-interest. A recent report in the Times newspaper describes a scam targeting people with premium bonds.

For every 1 you invest you get a unique bond number that is entered. Cash in Premium Bonds online or by phone. Prizes are drawn monthly and range from 25 to 1 million paid free of tax.

For both of these options youll already need to be. Scams On Premium Bonds. By using ones NSI number a person can check if they have won a prize using the Premium Bonds.

The odds of winning. For example a 500 bond that trades for 525 is a premium bond. The winner holds 50000 in Premium Bonds and purchased their.

A premium bond is a bond that is selling for more than its par value on the open market. The maximum premium bonds you can hold is 50000. A premium bond trades above its face value.

The second winning Bond number drawn was 324MB318235 and the winner comes from West Sussex. Bonds usually trade for a premium if their interest rate is higher than the market. All the Premium Bonds are grouped under a unique holders number.

This happens when the bonds coupon rate exceeds the prevailing. Your odds of winning a prize with a Premium Bond are currently 30000 to 1. The easiest way to cash in Premium Bonds is to call or use the online form.

54m Of Premium Bond Prizes Unclaimed Says Ns I Bbc News