Premium Bonds may be purchased online using our secure system. Please have your debit card information available. You can reach us at any time of day or night.
Can I purchase Premium Bonds using my bank account?
You may top up your Premium Bonds, Income Bonds, Direct Saver, Direct ISA, Junior ISA, and Investment Account with a bank transfer or a standing order.
Can I purchase Premium Bonds if I reside outside the United Kingdom?
Yes. However, you must have a UK bank or building society account that accepts BACS transactions (or an NS&I Direct Saver or Investment Account). We add your interest without taking any tax into account. However, because the interest is taxable, it will be deducted from your Personal Savings Allowance in the tax year in which your Bond matures.
What is the simplest way to purchase Premium Bonds?
The most convenient method is to use the NS&I website. The minimum purchase amount is £25 for one-time purchases and £25 for monthly standing orders. The maximum amount you may keep is £50,000. Age limit: Over 16 to purchase them; under 16s may be held in the name of parents or guardians.
Do Premium Bonds appreciate in value?
Because no interest is paid on Premium Bonds, their face value remains constant.
Is there a disadvantage to Premium Bonds?
Bonds are entered into their first prize draw after being held for a complete reward cycle. This implies that bonds purchased in March will be kept until the prize draw in May. This implies that borrowing from your Premium Bonds may cause you to miss a winning month.
