What are premium bonds?
Premium Bonds are an investment product issued by National Savings and Investment (NS&I). Unlike other investments, where you earn interest or a regular dividend income, you are entered into a monthly prize draw where you can win between £25 and £1 million tax free.Click to see full answer. Then, how do premium bonds work?NS&I Premium…
Premium Bonds are an investment product issued by National Savings and Investment (NS&I). Unlike other investments, where you earn interest or a regular dividend income, you are entered into a monthly prize draw where you can win between £25 and £1 million tax free.Click to see full answer. Then, how do premium bonds work?NS&I Premium Bonds are a savings account you can put money into (and take out when you want), where the interest paid is decided by a monthly prize draw. You buy £1 bonds and each has an equal chance of winning, so the more you buy, the more your chances improve.Likewise, what are the prizes for premium bonds? February 2020 Premium Bond winners Prize value Winning Bond number Total holding £100,000 339AQ158962 £50,000 £50,000 71XE468619 £13,000 £50,000 101YG933491 £21,113 £50,000 313FX822495 £49,101 Keeping this in consideration, how do I buy premium bonds? It’s easy to buy Premium Bonds, all you have to do is apply through the National Savings & Investments website. Alternatively, you can apply over the phone by calling 08085 007 007 or +44 1253 832007.How do you cash in premium bonds?The easiest way to cash in premium bonds is to call or use the online form. For both options you will have to have your NS&I number and your password. Then, simply call 08085 007 007 or go to the NS&I site and to log into your online account. You’ll then transfer the cash into your nominated account.
