Can I automatically buy more Bonds with my prizes?
If you have less than £50,000 invested in Premium Bonds, you can choose to automatically reinvest any future prizes you win. And it’s a good way to boost your chances of winning again.
To set this up:
Simply log in, go to Your profile in the top menu and click Your prize options. Click Change, follow the instructions and remember to click Save when you've finished.
From December 2020, we’re stopping prize payments by warrant (like a cheque). We’ll be doing this in phases, so by March 2021 we’ll no longer send any prizes through the post.
You can either choose to have your prizes reinvested, or have them paid directly into your bank account.