Premium Bonds

Premium bonds are a popular easy-access savings account with a twist. A bond will trade at a premium when it offers a coupon interest rate that is higher than the current prevailing interest rates being offered for new bonds.

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Anyone can buy Premium Bonds for a child under 16.

. When ERNIE randomly generates winners it doesnt store. How does it work. Premium Bonds make a great gift for any occasion and can also help kick start a healthy savings habit.

Premium Bonds remain eligible to wins for 12-months after the holder has deceased. This is because investors are willing to pay more for the. So even though Premium Bonds have been on sale for over 60 years this is why newer Bonds seem to win more frequently.

A bond that is trading above its par value original price in the secondary market is a premium bond. Premium Bonds are popular tax-free savings vehicles provided by NSI but unlike with traditional savings accounts you dont actually earn interest on them. 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 the chance to win cash prizes ranging from 25 to 1 million every month a boost to their savings is a gift they can enjoy again and again. Buy from just 25. What Is a Premium Bond.

Rather than get a guaranteed interest rate you have the opportunity to win tax-free cash prizes of. The child might already have some Premium. If youre lucky enough to win one of those draws NSI will write.

You cant pass Premium Bonds on but the executor can cash them in to form a part of the deceaseds estate.

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