| Premium Bonds are issued by National savings and Investments and are
a popular form of saving and entering a draw to win cash prizes of up to £1m.
The minimum purchase is £100 and the maximum holding is £30,000.
Instead of paying interest the bonds are entered into a monthly prize draw.
The notional interest rate is currently (November 2008) 1.8%, prizes are tax
free.
The odds of each £1 Bond unit winning a prize in the monthly draw are 36,000
to one.
This is a tax free investment offering a chance of winning substantial
prizes. The value of holdings will decrease in time due to inflation.
Click
here for more information
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