The first major change to how Premium Bonds work for years has just come into force. From February 1, 2019, adults over the age of 16 can buy Premium Bonds or a set up a standing order from a minimum of just £25. It's is lowest minimum purchase since 1993, said National Savings and Investment - which runs Premium Bonds. It's also the first time in 63 years the minimum investment in Premium Bonds has been lowered. NS&I chief executive Ian Ackerley said: "I am delighted that people up and down the country can start a savings habit more easily by investing just £25 in Premium Bonds." He added: “Lowering the minimum investment on Premium Bonds is part of how we can support a stronger savings culture across the country and help those who want to be able to save little and often, and for those who want to give the gift of savings to their loved ones.” The maximum amount that you can put in Premium Bonds is unchanged at £50,000. Each pound you put into Premium … [Read more...] about Premium Bonds make major changes to how you can buy them
To buy premium bonds
Premium Bonds are the UK’s favourite savings accounts. In total more than 21 million people have at least one bond, with an eye-watering £72billion saved in the NS&I product. So it’s notable that this year’s Budget included a couple of fundamental changes to how Premium Bonds work, that weren’t actually mentioned during the Chancellor’s speech. The changes affect who can buy Premium Bonds, how easy it is to get them as well as the funding basis that National Savings and Investments - who run the savings products - use to help decide the rules. This is what they changed. Who can buy Premium Bonds The first big change covers the purchase of Premium Bonds themselves. Many people get started saving with Premium Bonds thanks to a present from their parents or grandparents, and then go on to buy more for themselves when they get older. However, the Government is extending this gifting feature, so that you can buy bonds for a child even if they … [Read more...] about Premium Bonds just changed in a pretty big way – how they work now
Two lucky Premium Bond holders have scooped the top £1million tax-free prize in September's draw. The women - from Essex and Northamptonshire - become the 393rd and 394th Premium Bond holders to scoop the jackpot since the prize was introduced. The woman from Essex purchased her winning Bond in May 2003 and currently has £31,575 invested. The winning Bond number is 033BV820007. The woman from Northamptonshire has £50,000 invested and bought the winning Bond in August 2015. The winning Bond number is 254PS792183. Both women will receive a personal visit from Agent Million who will break the good news. How do Premium Bonds work?PREMIUM Bonds are a savings account you can put money in (and take money 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. Premium Bonds can be bought via standing order for as little as £50 per … [Read more...] about September’s Premium Bond winners have been revealed – have you struck lucky?
TWO lucky Premium Bond holders have received an August pot of gold this year by scooping the top prizes in this month's draw. Here's what we know. Who were the August 2018 Premium Bonds winners? A woman from outer London, the 391st Premium Bond millionaire, purchased her winning Bond in June 2012, and currently has £29,700 invested (winning Bond number 193WA458843). While she is registered to have her prizes reinvested, her win this month will be given in person by Agent Million. A man, also from outer London, is the second recipient of the top prize this month and the 392nd in total. He purchased his winning Bond in June 2015, and currently has the maximum of £50,000 invested (winning Bond number 247YN655471). He has registered to have his prizes paid directly into his bank account, however will be in for a surprise this month when Agent Million knocks at his door instead. How many people won in August's Premium Bonds draw? In the August 2018 draw, a total of … [Read more...] about August Premium Bonds winning numbers – have you won £1million cash prize?
TWO lucky Premium Bond holders have received a July windfall this year by scooping the top prizes in this month's draw. Here's what we know. Who were the July 2018 Premium Bonds winners? A man from Suffolk who bought his winning bond in June 2017 and a man from south west Wales will share the top £1million prize. The man from South West Wales becomes the fifth jackpot winner from the region since the £1 million prize was introduced in 1994. His winning Bond was purchased in March 2010 (Bond number: 166LV246433). They are the 389th and 390th winners of the £1million prize. How many people won in July's Premium Bonds draw? Premium Bonds is also paying out over three million other prizes to Premium Bond holders, ranging from £25 to £100,000. Jill Waters, Retail Director at NS&I, said: “I’m delighted for our two jackpot winners and all of our customers who are receiving a boost this month. Whatever you have won, get in touch through our … [Read more...] about July 2018 Premium Bonds winning numbers – have you won £1million cash prize?