Is there a form to cash in premium bonds

1. What are Premium Bonds?

Premium Bonds are a type of investment product that have been around for over 60 years.

They are offered by the UK government's national Savings and investments (NS&I) agency, and are a popular choice for many investors due to their unique features. Although they do not offer a regular interest rate, Premium Bonds provide investors with the chance to win tax-free prizes every month.

Problems cashing in premium bonds online

This is because instead of earning interest, the money invested in Premium Bonds is entered into a monthly prize draw. The prizes range from 25 to 1 million, and are funded by the interest earned on the bonds.

1. How do Premium Bonds work?

When you purchase a Premium Bond, you are essentially lending money to the UK government.

This money is then entered into a prize draw, which takes place every month.

Ns&i withdrawal form online

Each bond you own is assigned a unique number, and this number is entered into the draw. If your number is selected, you win a tax-free prize. The more bonds you have, the more chances you have of winning.

how easy is it to cash in your premium bonds

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