Extreme
Saving - Premium Bonds
What
are Premium Bonds?
National
Savings and Investments Premium Bonds offer investors a safe and
secure method of saving and investing up to £30,000.
Premium
bonds differ greatly from savings accounts and ISAs etc - with a
premuim bond you buy bonds at £1 each. Bonds are then entered
in to a monthly prize draw with prizes from £50 to £1
million. It is in effect gambling, but with a difference - you can
get your money back within 2 weeks of asking for it - no risk!
The
premium bond system has been running 50 years, and has so far paid
out over £8 billion in cash prizes.
So,
although your investment won't grow, National Savings and investments
Premium Bonds can add a little excitement to your saving!
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