Premium Bonds don’t earn interest. Instead, there’s an annual prize fund rate that funds a monthly prize draw for tax-free prizes. Remember that inflation can reduce the true value of your money over time. The prize fund rate is variable so it can change at any time. For example, be...
out more about NS&I: Digital brochureInvest in Premium Bonds and you could win from 25 up to 1 million in our monthly prize draw And now you can invest up to 50,000Call us on Visit Find out more about NS&I:Contents The headlinesGiving you even more chances to win tax-free prizes. Par...
“Premium Bonds customers will benefit from the chance to win a further 1.4 million tax-free prizes each month, as well as the peace of mind that customers get with 100% of their NS&I savings being backed by HM Treasury.” Premium Bonds prizes are free of income tax and capital gains tax...
And some alternatives claim to have much better odds of winning prizes than NS&I Premium Bonds. For example, the Family Building Society’s Windfall Bond claims to have odds that are around six times better than NS&I Premium Bonds. But this comes at a hefty price tag – bonds costs £10,...
NS&I chief executive, Ian Ackerley, said: “Today’s changes will provide a welcome boost for savers of all ages across the country, with more Premium Bonds prizes and some of the highest interest rates we’ve seen in over a decade. “In a fast-changing savings...
It's generated the numbers for 737 million tax-free prizes, worth approximately £34.6 billion since June 1957. The next generation In 2019, the power behind Premium Bonds was upgraded to the latest generation - ERNIE 5. Unlike previous versions which used thermal noise to produce random numbe...
3. All Premium Bonds prizes are free of UK Income Tax and Capital Gains Tax. 4. NS&I is one of the largest savings organisations in the UK, offering a range of savings and investments to more than 24 million customers. All products offer 100% security as NS&I is backed by HM Treasury....
“Next month will mark 65 years since Premium Bonds went on sale and they are not just about the £1 million jackpot – each month, NS&I pays out more than 3.2 million other tax-free prizes ranging from £25 to £100,000. Of these prizes, almost 9 in 10 of them...
5. All Premium Bonds prizes are free of UK Income Tax and Capital Gains Tax. 6. NS&I is one of the largest savings organisations in the UK, offering a range of savings and investments to 25 million customers. All products offer 100% capital security as NS&I is backed by ...
Customers registered for online and phone services can use NS&I’s website to arrange for Premium Bonds prizes to be paid directly into their bank account. National Savings & Investments products