Instead your Bonds enter a monthly prize draw for a chance to win tax-free prizes. You can invest from £25 up to £50,000 in total. Parents, legal guardians and (great) grandparents can invest on behalf of their child or grandchild aged under 16. You can find out more and apply online at the National Savings and Investment (NS&I) website.Īnyone aged 16 or over can buy Premium Bonds. Interest is paid monthly straight into your bank or building society account. You can invest from £500 up to £1 million per person in total, across all your Income Bonds accounts and you can get your money back whenever you want, with no notice and no penalties. Income Bonds offer a type of investment that pays interest regularly to the holder. About National Savings and Investments (NS&I).The money invested in NS&I products is used by HM Treasury to cost-effectively manage the national debt by contributing to the government’s financing needs. National Savings and Investments (NS&I) is an executive agency of the Chancellor of the Exchequer. National Savings and Investments (NS&I) offers a wide range of savings and investment products that are backed by HM Treasury.
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