Premium Bonds are offered by National Savings and Investments, or NS&I as the company is more commonly known. Each month, the lottery bond system conducts a draw which creates two lucky millionaires alongside a number of other prize winners. For those who are interested in purchasing Premium Bonds to be in with a chance to win, the process is designed to be an easy one.
These cannot be purchased via the phone, and so individuals will need to consider another method.
In addition, NS&I does not accept credit card payments, and so another form of payment will be required.
Another, perhaps more traditional, way to purchase Premium Bonds is via post.
In this instance, Britons will need to print an application form and send it to NS&I, with a cheque payable to the company.
People will be able to print their application form via NS&I’s dedicated website.
Finally, if a person or a child they are purchasing for already has some Premium Bonds, there is one other way to purchase.
This can be done through bank transfer or standing order, by providing a bank with details of a holder’s number.
Once a person has purchased Premium Bonds, they will be able to cash them in at any time.
This can be done in full, or in part if a person still wishes to have some Premium Bonds invested.
If someone is registered for the online and phone service, the process will be simple and individuals can either log in or call NS&I directly.
When cashing in, though, there will be certain information Britons will need to have to hand.
This includes a holder’s number, bank account details and Bond record.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
