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The minimum investment is £25, while the maximum is £50,000. ... To check if you’ve won a prize on premium bonds, ... There is also an NS&I app which allows savers to check results on the go ...
Customers can check the Premium Bonds prize checker on the NS&I website or download the app to see if they have won. Take a look at the rest of the big prize winning numbers from this month's draw ...
Premium Bonds is a lottery bond scheme organised by the United Kingdom government since 1956. At present it is managed by the government's National Savings and Investments agency. The principle behind Premium Bonds is that rather than the stake being gambled, as in a usual lottery , it is the interest on the bonds that is distributed by a lottery.
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Lottery bonds are usually issued in a period where investor zeal is low and the government may see an issue failing to sell. By knowing ahead of time when the coupons will be paid and how many bonds will be redeemed at the original value and at the lottery value, the issuer can value the bond accurately and know ahead of time the cost of the borrowing.
A Prize Bond is a lottery bond, a non-interest bearing security issued on behalf of the Irish Minister for Finance by the Prize Bond Company DAC. Funds raised are used to offset government borrowing and are refundable to the bond owner on demand. Interest is returned to bond owners via prizes which are distributed by random selection of bonds.
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The number of higher cash prizes for bondholders is set to increase in next week’s draw