Premium Bonds
A British Government Lottery where you never lose your money!
Does it sound too good to be true? Well, for once it isn’t!
Premium Bonds are similar to a lottery - except that your bonds are automatically entered for prizes every month for as long as you like, you never lose your money, and you have a much better chance of winning!
Premium Bonds are unique to the United Kingdom, and are controlled by the UK government. A huge number of people in Britain invest in them and most financial advisors recommend them as a good investment, especially now while there is hardly any interest at all from other forms of savings.
If you do the National Lottery every week, you nearly always lose your money, but Premium Bonds, instead, are a good investment and you can always ask for your money back!
The minimum sum to invest is £100, and the maximum any individual can hold is £30,000. However, if you only wish to invest £10, for example, you can fill in another form requesting £90 back!
About a week after you invest you confirmation with your new Premium Bond numbers on it, you will also receive a Holder's Number, which enables you to check online to see if you have won, get more information, or buy more Bonds.
One complete calendar month after you invest your money is entered into the monthly draw, or lottery. A computer randomly selects the winning numbers on the first few days of each month.
If your number is drawn, you win a prize. The maximum prize is £1 million pounds. There are only a few of these, but there are many more prizes: a number of prizes of £100,000, a lot of prizes of £50,000, even more of £25,000, £10,000, £5,000, £1000, and smaller prizes right down to £25.
But here is the big advantage! After the first month your same numbers will be entered into the draw every month for the rest of your life - or at least until you decide cancel your Bonds. You never lose your money, and you can get it back whenever you like, simply by filling in a form online or from the Post Office!
Imagine! Invest £100 now and forget about it. Then, out of the blue, you may suddenly receive a cheque for up to £1,000,000 - not bad!
However, if you leave the UK you must contact the NS&I (National Savings and Investments) and give them your new address in case you win.
But even if you forget to do that, you can always check to see if you have won by going to the NsandI website and entering your Holder's Number. You never lose your winnings.
winning numbers are also available on TV text.
Best of luck!