Premium Bonds

A recent report in the Times newspaper describes a scam targeting people with premium bonds. A premium bond trades above its face value.

Prize Bonds Bearer Not To Be Encashed After Sept 30 Pkrevenue Com

We are an international financial company engaged in investment activities which are related to trading on financial markets like forex trading stock.

. About Premium bond investments. Prizes are drawn monthly and range from 25 to 1 million paid free of tax. This happens when the bonds coupon rate exceeds the prevailing.

Scams On Premium Bonds. If you held the maximum of 50000 you would on average win one-two prizes a month although they would most likely all be 25. Premium Bonds are valued at 1 each and the minimum holding is 25 maximum 50000.

Hannah Jewell invested PS1700 in a high-interest. The winner holds 50000 in Premium Bonds and purchased their. Cash in Premium Bonds online or by phone.

At present it is issued by the governments National Savings and Investments agency. A Premium Bond is a lottery bond issued by the United Kingdom government since 1956. Bonds usually trade for a premium if their interest rate is higher than the market.

The easiest way to cash in Premium Bonds is to call or use the online form. For both of these options youll already need to be. The second winning Bond number drawn was 324MB318235 and the winner comes from West Sussex.

By using ones NSI number a person can check if they have won a prize using the Premium Bonds. The maximum premium bonds you can hold is 50000. For example a 500 bond that trades for 525 is a premium bond.

A premium bond is a bond that is selling for more than its par value on the open market. All the Premium Bonds are grouped under a unique holders number.

Premium Bond Wikipedia