Premium Bonds: NS&I August prize draw imminent – check and claim prizes | Personal Finance | Finance

Secondly, prizes may be paid by post in some instances, where NS&I may post a warrant, similar to a cheque, which can then be taken to a bank to receive. 

Finally, savers may choose to reinvest their prize into more Bonds, which can be done either through the company’s online portal, or through the automatic reinvestment form.

To be able to invest in a Premium Bond, a person must put in a minimum of £25, or a maximum of £50,000. 

The interest rate on a Premium Bond currently stands at 1.40 percent.

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