Premium Bonds
At present it is issued by the governments National Savings and Investments agency. Bonds are issued by a business or a federal state or local government to raise capital.
Premium bonds are a savings account issued by National Savings Investments NSI on behalf of the UK government.
. Some parents go beyond this limit by buying bonds for themselves and for their children. This website can calculate results for investments up to. One individual can invest up to 50000.
Par value is the face value. We created Premium Bonds and you can only get them from us. Before we get into the advantages lets take a look at the basics of how premium bonds work.
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So that makes the Premium Bond rate very easy to compare with other savings rates correct at Monday 3 October. Open an account and you could win big in our monthly prize draw. A Premium Bond is a lottery bond issued by the United Kingdom government since 1956.
Prizes are drawn monthly and range from 25 to 1 million paid free of. A premium bond is a bond that trades above its par value. The home of Premium Bonds.
Lets start by simply using the prize fund rate of 22. 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. For every 1 of savings you invest youll get a unique bond number.
For example if you invest. Instead of interest investors are entered into a. The maximum premium bonds you can hold is 50000.
Premium Bonds are valued at 1 each and the minimum holding is 25 maximum 50000.
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