UK Premium Bonds
An NS&I savings product where capital earns no regular interest but enters monthly draws for prizes free of UK tax.
Definition
An NS&I savings product where capital earns no regular interest but enters monthly draws for prizes free of UK tax.
Why this concept matters
It combines accessible savings with a chance of random prizes rather than a guaranteed return.
What to watch
It guarantees no return, inflation may reduce the capital's real value, and buying requires a UK bank account.
Simple example
Holding £1,000 gives £1,0001 Bond numbers in the draws, with no guaranteed prize.
Example currency : United Kingdom (GBP). The product's country takes priority over the interface language.
Availability and country
- Country or system of origin
- United Kingdom
- Status
- Product specific to the UK system
- Access from France
- Buying requires a UK bank account and remains subject to NS&I checks and conditions.
- French equivalent
- No exact French equivalent: French savings accounts pay interest under their own rules rather than random prizes.
- Information checked on
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