Premium Bonds

The easiest way to cash in Premium Bonds is to call or use the online form. Prizes are drawn monthly and range from 25 to 1 million paid free of tax.

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A premium bond trades above its face value.

. The winner holds 50000 in Premium Bonds and purchased their. This happens when the bonds coupon rate exceeds the prevailing. The odds of winning.

For both of these options youll already need to be. Hannah Jewell invested PS1700 in a high-interest. The second winning Bond number drawn was 324MB318235 and the winner comes from West Sussex.

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. A premium bond is a bond that is selling for more than its par value on the open market. Cash in Premium Bonds online or by phone.

For example a 500 bond that trades for 525 is a premium bond. For every 1 you invest you get a unique bond number that is entered. A Premium Bond is a lottery bond issued by the United Kingdom government since 1956.

The maximum premium bonds you can hold is 50000. Your odds of winning a prize with a Premium Bond are currently 30000 to 1. A recent report in the Times newspaper describes a scam targeting people with premium bonds.

All the Premium Bonds are grouped under a unique holders number. By using ones NSI number a person can check if they have won a prize using the Premium Bonds. At present it is issued by the governments National Savings and Investments agency.

Scams On Premium Bonds. Bonds usually trade for a premium if their interest rate is higher than the market. Premium Bonds are valued at 1 each and the minimum holding is 25 maximum 50000.

3 Ways To Buy Premium Bonds Wikihow