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PREMIUM BONDS

Tax free investment with no interest but potentially extremely high returns , backed by the government treasury .

If you have some spare cash and are not interested in capital growth , but want a no risk investment that is protected from UK income tax then premium bonds might be worth a consideration ...

Premium bonds are a kind of UK lottery , you invest your money , a minimum of £100 sterling and maximum £30K , then instead of earning interest on the investment , the pool of profits that the government earns from the combined investment goes towards cash prizes with a max value of £1M pounds . Numbers are drawn by ERNIE a computer that selects preium bond serial numbers at random , so the more bonds you have the more likely you are to win .

You can put your money in or take it out at any time .

The Catch

Inflation will slowly erode the value of the money you have invested and if you don't win anything you wil llose out a lot in the long term as you have no growth .

Age Limit

You need to be over 16 and a UK resident to deposit money yourself , if you are a minor , your parents can take out premium bonds on your behalf . Many relatives take them out for christening presents or for celebrating the birth of a new born baby , and they are also popular for retired people looking for a bit of a flutter without loosing their stake .

History Of Premium Bonds

They have been running since 1957 , and some mature investers still have numbers taking from this date !

The first ERNIE machines were teletape transistor diode technology , taking up a whole room !

The machines used today are simple PCs , much more poweful of course - the old machine would not be able to keep up with 23 million numbers currently in issue .

In June 2005 the number of digits increased to 11 digits to sope with the huge demand in recent years (partly due to low inflation and low savings account interest rates).

Security

Backed by HM Treasury they are the safest form of investment other than National Savings . Numbers are checked by the UK Governement acturay to ensure complete randomness of drawings .

Overseas Bond Holders

If you country allow you , youcan post a cheque to the Blackpool premium bonds office .

Time Limit For Claims

There is no time limit! So check your old numbers today - and remember to keep your registered address up to date so the preium bonds people can contact you if you win .

Contact Details

Premium Bonds
National Savings and Investments
Blackpool
FY3 9YP

Or look in the annual supplement to the London Gazette, available at main Post Office branches.

How To Check Your Premium Bond Numbers

Premium Bonds (click link to visit NSandI the national savings and investments website backed by the governemt and funded partly by the public private partnership with Siemans Business Services)

Simply Premium bond holder's number in the box provided after clicking the above link .