Guide to premium bonds - Bonds

1 of 5
by Matthew Adams

Premium bonds are a UK financial product which were started in 1956 by the McMillan government. It was envisaged that they provide a short-term income boost to government finances and also provide a reward winning savings...read more
2 of 5
by Sunnysmiles

I had heard of Premiun Bonds through elder family members as I was growing up and had enough spare money to invest in them. Ernie as the machine is called is a bit like a lottery you invest your money in the bonds and th...read more

3 of 5
by cameo

Premium bonds are government backed investments. You can invest up to 30,000 to buy 1 bonds. Each month, instead of earning interest, your bonds are entered into a prize draw. You can win prizes from 50 up to 1m each mo...read more
4 of 5
by Ethel Smith

PREMIUM BONDS' HISTORY * * * * * * * * * * * * * After the second World War the British government were looking at ways to control inflation and encourage people to save. Premium Bonds were introduced by Harold McMill...read more
5 of 5
by Aurelie Pradier

How does it work? To begin, let's imagine premium bonds like raffle tickets with one huge difference in mind: the prizes are bigger and the best part is that you don't lose your money even if you don't win! Now comes t...read more

Guide to premium bonds 5 Articles