Facts About Premium Bonds

Facts about Premium Bonds

Premium bonds are the British answer to the need for savings and the fun of gambling. Each bond you buy will have a specific number. The number of the bond is put into a numbers generating machine and monthly thousands of numbers are chosen randomly to receive a cash prize in lieu of interest. The investment is completely safe and you can cash in your bonds at value when ever you wish. There is a thirty thousand pound cap on the investments so large corporations cannot buy millions of bonds to skew the chance for the common man to win.

There are ways to improve your odds. For example the more bonds that you buy and hold the more chance you will have in winning a cash prize that can equal as much as one million pounds. Statistically you have about 23,000 to one shot with a one pound premium bond. By buying more bonds, your odds of winning increase significantly. The system is designed to choose number randomly so the more numbers you have in the system the more money you will make as a cash prize. You can even sign up for a monthly fifty pound savings program where you can have the money automatically drawn from your regular checking account.

A thirty thousand pound investment would give you a little of four hundred thousand chance to one for winning the big million pound prize. So the more you save the more chances you have of winning enough money to set you up for life. You can even buy the premium bonds online or over the phone. You can even purchase the bonds at your local post office. It's that easy. Purchase, save, and win. Of course not all bonds are going to win you money, but you will have a nice nest egg to help you in your advanced years or if you run into financial troubles.

You can buy the bonds for a child or if you are sixteen you can buy them yourself. It is a great way to save money for college or to put away some extra cash for when you meet that special someone and want to start a family. If you win a high end prize you can even pay for your college with the winnings. The big prize of a million pounds would be enough to set you up for life. So don't let your young age keep you from purchasing and holding premium bonds. Even if you are a senior citizen, it is never too late to put away some money for a cloudy day.

If you win a cash prize, it is free of taxes. So when you win those million pounds, you get to keep the whole million. You can reinvest and at the same time live the quality of life you always dreamed of. Even if you one the minimal prize of fifty pounds, you would have made more money on your investment than you would have if you put it in a savings account at the bank.


Translate Page Into German Translate Page Into French Translate Page Into Italian Translate Page Into Portuguese Translate Page Into Spanish Translate Page Into Japanese Translate Page Into Korean

More Articles



Search This Site


Related Products And FREE Videos


More Articles

Premium Bonds And The Odds Calculator

... the same amount of cash that you started with. Life changes and the way you invest also changes. You may decide to opt out of the program if you have a family emergency or have a dire need for cash. The government secures your money so you do not have to worry about it being there when you are ready to ... 

Read Full Article  

Premium Bondds And The Difference Between NSI And Banks]

... 21,000 to 1 odds, you are better off saving with premium bonds then with the conventional savings account. If you are buying for a child you can buy premium bonds for children under sixteen. If you have a thrifty teenager, then at the age of sixteen they can buy them themselves. Some people opt out of ... 

Read Full Article  

Can NonBritsh Investors Purchase Premium Bonds

... where from fifty to a million pounds if their bond number is picked. At least two bond holders a month become millionaires. Non-British people may buy premium bonds only in Britain. Postal law does not allow bonds or prize money to be mailed. You have to go to Great Britain in person and purchase the ... 

Read Full Article  

Fun Facts And Myths About Premium Bonds

... chronologically but the woman at that age would have a hard time killing anyone. There has even been a website posted with these myths and the challenge for anyone that has won a million pounds to come forward and dispute the myths. To this day, no one has posted on the site. This is logical because by ... 

Read Full Article  

Bizarre Facts About Premium Bonds

... generating machine. Other conspiracy theorists have come up with ideas that the machine is prejudiced to what region of Great Britain the winners will be chose from. One man in Wales even has said that the bonds were rigged because Wales had the fewest amount of winners. What he failed to realize was ... 

Read Full Article