National savings
Watch: How do Premium Bonds work?
Premium bonds have been around for a very long time. In recent years, many new savings products have caught up to them in terms of benefits. Since changes to the personal tax allowance, 95% of people in the UK don’t pay tax on their savings interest. So the perk of tax-free prize money is no longer the unique plus it once was. However, premium bonds will still be one of the best savings options for some. For instance: Premium bonds Sources: ECB calculations based on the Oxford Global Economic Model.Notes: The impact on GDP and CPI in key advanced economies (AEs) is the GDP-weighted average impact across the United States, the United Kingdom and Japan; spillovers are assessed using the Oxford Global Economic Model, where “world” refers to the global economy, including the United States, the United Kingdom and Japan.
Premium bond checker
NATIONAL SAVINGS DAY
She adds: “We know prize draws become far more tempting at times like this, so premium bonds are positioning themselves as the ultimate game of chance – with your money back if you lose.” How do premium bonds compare to savings accounts? If you have misplaced your Premium Bond holder’s number, you can phone NS&I on 08085 007 007 or write and ask for a replacement bond record to be sent to you.