To begin, let me state that Premium Bonds are a safe investment. They are government-backed and come from NS&I (previously National Savings & Investments). However, you should keep in mind that, after inflation is factored in, they will lose purchasing power from year to year. There are a few things you should be aware of […]

Premium Bonds are a terrific gift for any occasion, and they can also help you get into the habit of saving. Purchases begin at just £25. A boost to their savings is a gift they can enjoy again and again, with the possibility to win cash prizes ranging from £25 to £1 million every month.

Because of the following reasons, electronic securities provide you with more flexibility and convenience than paper securities: You can cash your electronic bonds in whole or in part at any time – 24 hours a day, seven days a week – and have the funds deposited into a savings or checking account of your choice.

Whether you have a paper or electronic savings bond will determine where you can cash it in. Paper bonds Your bank or credit union should be able to cash in your paper savings bonds. If you’re going to a financial institution where you’re not a member or customer, check to see if they’ll cash your

If you have a local bank account and it accepts savings bonds, you might ask if it will accept yours. Is it possible to deposit a savings bond at an ATM? Can I use an ATM or a night drop to deposit my savings bonds? Any savings bond transaction, whether depositing or cashing, must be

You would lose the last three months of interest if you cash an EE bond before it reaches the age of five years. If you don’t redeem your EE bonds before they mature, you’ll get 30 years of interest. As a result, the longer you keep the bond (up to 30 years), the more valuable

You can also write to us and request a replacement Bond record if you aren’t registered for our online or phone services. How do I check the status of my Premium Bonds? Bond holders should keep in mind that the winnings do not expire, so you can check your history to see if you’ve won

Whether you have a local bank account and it accepts savings bonds, inquire if it will accept yours. The answer may be contingent on the length of time you’ve had an account there. If the bank will cash your check, find out if there is a monetary restriction on redemptions and what kind of identification

Savings bonds can be cashed in any bank for up to $1,000. Is it possible for a bank to refuse to redeem a savings bond? Bring your bond to your bank, but not any bank. It has to be an account that you’ve owned for at least six months. If that isn’t possible, you can

Whether you have a local bank account and it accepts savings bonds, inquire if it will accept yours. The answer may be contingent on the length of time you’ve had an account there. If the bank will cash your check, find out if there is a monetary restriction on redemptions and what kind of identification