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Whipsaw Glossary

Currently viewing the definition of: Premium Bonds
 
 
 Premium Bonds are in the National Savings and Investments range of products that are backed by HM Treasury. There is a minimum investment of £100 and a maximum of £30,000. After an initial period, the investment is entered into a monthly draw, with two top prizes of £1 million. There is no risk to capital and the investment can be cashed in at any time.