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9 Oct 16:55
About our Premium Bonds news
Latest news on UK Premium Bonds, a type of savings product that gives you the chance to win cash prizes tax-free instead of earning interest. You can buy Premium Bonds from NS&I (National Savings and Investments), a government-backed agency. Each bond costs £1 and you need at least £25 to invest. Every month, a random number generator called ERNIE (Electronic Random Number Indicator Equipment) selects the winning bond numbers and pays out millions of prizes, ranging from £25 to £1 million. You can cash in your bonds at any time without penalty.