Premium Bond (National Savings)

Premium bonds are a National Savings product, which means they are backed by HM Treasury and is therefore a completely secure investment option. Rather than receiving interest on your investment/ UK savings, a Premium Bond offers the chance to win monetary prizes that you do not have to pay any income tax or capital gains tax on.

For each £1 that you have invested in Premium Bonds you will be allocated a series of numbers. There is a monthly prize draw, with two £1 million jackpots starting from 1st August 2005 and a million other prizes.

The monthly Premium Bond prize fund is determined by the amount of interest gained on the entire value of all eligible Premium Bonds.

Investing in Premium Bonds
Investing in Premium Bonds requires a minimum investment of £100 or if you have a monthly standing order the minimum can be £50 with a maximum investment of £30,000.

Your Premium Bonds go into the prize draw every month until you decide to cash them in which you can do at any time, in full or partially.

Although you must be 16 years old or over to purchase Premium Bonds, it is also possible to invest in Premium Bonds for children.

Click here for further children's investment and children's UK savings options

Another National Savings investment product are Capital Bonds. Alternatively you may want to consider other forms of investment such as:

Property Investment

ASSOCIATED PRODUCT:

Remortgage rates from 2.99%.
Complete a quote enquiry form. Click here to make use of the most competitive quotes on the market.

If you require further Premium Bond and National Savings information or general UK savings information, please feel free to use the links below.

	Savings & Investments Savings & investment options: your official guide.
	Investment Find results now for investment.
	Find Investment Resources at Ask.com Whatever type of investment you're looking for, find it with Ask.com. Browse for a wide range of investment resources in seconds.
	Mortgage Information No selling, no jargon, just facts about mortgages from the FSA.
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