How to play the Premium Bond game


More than 21 million people cross their fingers every month in the hope their Premium Bonds will pay them a prize

More than 21 million people cross their fingers every month in the hope their Premium Bonds will come up trumps and pay them a prize. 

But Ernie, a computer whose task it is to select the winners, is becoming meaner as a result of National Savings & Investments’ decision to reduce payouts in response to continued low interest rates. 

We assess whether this popular savings vehicle will now lose a little of its sparkle.

Premium Bonds: the essentials

They allow savers the opportunity to win monthly prizes of between £25 and £1 million. 

The minimum holding is £100 and the maximum £50,000. Winnings are free from both income tax and capital gains tax. 

Bonds can be bought by anyone 16 or over. They can also be purchased by parents or grandparents on…



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