Every month, two lucky people become instant millionaires when Premium Bonds are drawn – and plenty more receive a welcome boost to their bank accounts when they win smaller prizes.
But what are premium bonds and when are they drawn? From the key dates to how to boost your chances, here’s what you need to know.
What are Premium Bonds?
Premium Bonds are essentially savings accounts but, instead of receiving regular interest payments, bondholders with £25 or more are entered into a monthly prize draw for a tax-free sum.
When are Premium Bonds drawn?
Premium Bonds prize winners are randomly…
To provide well-rounded coverage and a breadth of insight across various events, we rely on contributions from several staff writers, each bringing their own area of expertise to our publication.
