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Are Premium Bonds Worth It?
Premium bonds are becoming more popular everyday. Millions of people are investing in these bonds and some are questioning if they are truly worth it. Premium bonds were introduced in 1956 as a way to get the public to invest into the British Government. This was set up like a lottery game so that the common man might save and at the very same time have a possibility to winning countless pounds. Nearly twenty million individuals, a 3rd of the population now owns at least one premium bond. Financiers can purchase these bonds straight from the post workplace or they can purchase from the National Savings and Investment companies.

Since interest rates are falling, premium bonds are seen as a safe way to invest and at the very same time have the excitement of winning one of the over million and a half cash prizes awarded each month. Now you have a 1 in 21,000 chance to win, however with the bonds ending up being more popular, those chances might be higher in the future.

You have to buy at least one hundred pounds to invest in superior bonds and you can only have thirty thousand pounds in an account. The bonds are backed and protected by the nationwide treasury. Lots of parents buy premium bonds as a method to pay for their kids's college.


Unlike lottery game tickets, the very same bond can win over and over. The more you invest, the more times you will have a chance to win. The profits are tax-free and you can even reinvest the money you win until you reach the thirty thousand pound limitation. It has actually been reported that the odds in winning has declined in the last 10 years. It refers data that the more bonds that are purchased the lower the possibility that your bond number will be selected.

You can find out if your bond number is selected by looking at the National Saving and Invest site. It is recorded that the National Saving and Invest company has over five hundred thousand unclaimed prizes that they are holding for claimers.

Millions of people are investing in these bonds and some are questioning if they are truly worth it. Premium bonds were introduced in 1956 as a method to get the public to invest into the British Government. Considering that interest rates are falling, exceptional bonds are seen as a safe way to invest and at the very same time have the thrill of winning one of the over million and a half cash rewards awarded each month. You have to purchase at least one hundred pounds to invest in superior bonds and you can only have thirty thousand pounds in an account. It is a matter of stats that the more bonds that are bought the lower the opportunity that your bond number will be selected.



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