Are Premium Bonds Worthy?

You must purchase at least ฃ 100 to invest in premium bonds and you can have ฃ 30,000 in an account. The bonds are secured and protected by the national treasury. Any investor can be assured that when they decide to withdraw their funds, the money will be there. N anyone can invest as long as you're sixteen. Many parents buy premium bonds as a way to pay for college for their children. Young investors can learn the value of savings and at the same time have the chance to earn enough money to implement them for life.

Unlike lottery tickets, the same requirement can earn more and more. The more you invest, the more time you'll have a chance to win. Earnings are exempt from tax and you reinvest the same money you earn until that you reach the limit of ฃ 30 000. It was reported that the odds of winning has declined over the past decade. It is a matter of statistics that the bonds are purchased at the lowest chance that your bond number will be picked up.

The chances are always better than the American lottery because you don not have to buy a separate ticket each time. You can find out if your bond number is taken by looking at the National Savings and Invest website. Here, they list all the winning numbers and all you have to do is call or contact them for you to claim your prize. It is known that national savings and Invest company has more than five hundred thousand unclaimed prizes that they have to exaggerate.