About Premium Bonds
All about Premium Bonds, a popular and safe investment method
Premium Bonds (part 2)
How do I invest?
The minimum investment amount is £100, and this will give you 100 entries in the draw every month. You can hold up to £30,000 worth of bonds at a time, and can withdraw your original investment amount whenever you want.
There is no risk to your investment, although if you don't win a prize over a long period, the value of your investment will be eroded by the effects of inflation.
It is estimated that around £26bn of premium bonds are currently in issue.
Unclaimed Prizes
Prize winners are automatically notified, but sometimes National Savings can't get in touch with a winner - for instance, the bond holder may have moved without notifying them.
In these cases, National Savings will hold the prize indefinitely until a claim is made. There is no time limit on claiming a prize. The National Savings web site has a section where you can check if your bonds have won a prize.
Are Premium Bonds for you?
It is worth considering investing in premium bonds if you want an easy, safe, tax-free way of investing £100 or more, and enjoy the prize-draw aspect of the bonds. However, if you're looking for a guaranteed income from your investment, you're better off looking elsewhere.
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