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A fun way to save, with the chance to win tax-free prizes each month.
Each investment must be at least £25.
Buying online
You can buy Premium Bonds online using our secure online system. Please have your debit card details at the ready.
Buying over the phone
You can call us all day, every day. Please have your debit card details ready. (Please note: if you’re buying Bonds for someone else’s child, you can't buy them by phone. We don't accept credit card payments.)
Buying by post
Simply complete an application form and send it to us, with a cheque payable to NS&I.
Print and complete an application form:
Buying for yourself or your child under 16
Buying as a gift for someone else’s child under 16
Bank transfer or standing order
If you or a child you’re buying for already have some Premium Bonds, you can buy via bank transfer (including standing order).
Premium Bonds can make a special gift for a child under 16. Until the child’s 16th birthday, the parent or guardian named on the application looks after the Bonds, regardless of who bought them.
We’ll send confirmation of any transactions made, prizes won and payment for cashed-in Bonds to the nominated parent or guardian until the child is 16.
Buying for your own child
Parents or legal guardians can apply online, by phone or by post. If your child already has some Premium Bonds and you want to buy some more online or by phone, you’ll need to be registered first. This could take a few days while we set up your registration.
Buying for someone else’s child
You can apply online or by post. You can ask us to send you an electronic or paper gift card for you to pass on to the child. We’ll also send you an acknowledgement of your investment. But only the nominated parent or guardian will be able to manage and cash in the Bonds.
Before you apply for someone else’s child:
As part of your application you'll need to know:
With Premium Bonds, there is no interest earned. Instead the interest rate funds a monthly prize draw for tax-free prizes. Remember that inflation can reduce the true value of your money over time.
Yes! Just fill out a quick online form and we’ll get it sorted for you. Be sure to have the details of the account you want to switch from to hand.
Switch to Premium Bonds – for myselfOnly use if switching from another NS&I account or Investment
Switch to Premium Bonds – for a child under 16Only use if switching from another NS&I account or Investment
It will take a bit longer, but you can still download and send us a paper form in the post.
Once you've bought your Premium Bonds you can manage them online and by phone.
Log in or call us to check your balance and transactions, including any prizes you’ve won.
You can also give us instructions by post. We’ll send you confirmation every time you buy or cash in your Bonds. You can get this by post, too. Or choose to go paperless.
Your holder’s number
We give a holder’s number to everyone who owns Premium Bonds. It links all the individual Premium Bonds you have. Quote it whenever you buy more Bonds, cash them in or have a query.
Just to note, it’s different to your NS&I number, which we give you when you register for our online and phone service.
For most prizes, we’ll send them automatically through your chosen payment method. For a prize of £5,000 or more, we may need to check with you first before paying it. If so, we’ll send you a claim form to complete and return.
You can choose to either:
Have your prizes paid directly to your bank account
You’ll need to make sure you’re registered to manage your savings online first. Then 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.
Automatically reinvest your prizes into more Bonds
You can also choose to get your prizes reinvested, meaning your Bonds will go straight into the next prize draw. Your chances of winning will increase each time you win a prize! You can do this if you have less than £50,000 invested in Premium Bonds.
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.
Before you set up an automatic reinvestment:
You can cash in all or part of your Bonds at any time.
Have you registered for our online and phone service? If so, simply log in or call us.
You can also cash in Premium Bonds online without having to create an account. Perfect if you want to cash in specific Bonds or you’re not registered.
Cash in my Premium BondsYou’ll need your holder’s number and bank account details to hand. Please also have your Bond record ready, if you’d like to cash in specific Bonds.
Cash in my child’s Premium BondsYou’ll need your child’s holder’s number and your bank account details to hand. Please also have your child’s Bond record ready, if you’d like to cash in specific Bonds.
Prefer the post?
Download, print and complete a cashing-in form. Then post your completed form to us together with the bond certificates to be cashed in (if you have them).
Print and complete a cashing in form
Don’t have access to a printer? Call us and we’ll send you a copy of the form.
We pay out over three million prizes every month to lucky Bond holders, whose numbers are generated at random. Prizes range from £25 to £1 million and are all tax-free. Want to find out more? Head to our blog.
You can choose to get your prizes reinvested, meaning your Bonds will go straight into the next prize draw. Your chances of winning will increase each time you win a prize!
You can do this if you have less than £50,000 invested in Premium Bonds.
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.
Just fill out a quick online form and we’ll take care of the rest.
Update my prize optionsReinvesting for yourself? You’ll need your holder’s number to hand.
Reinvesting for your child? You’ll need your child’s holder’s number to hand. You can only reinvest your child’s Bonds if you are responsible for managing their account.
Please read the key product information below before applying for this account.
NS&I Premium Bonds
Anyone aged 16 or over can buy Bonds.
Buy from £25 up to £50,000 in total.
No interest earned. Instead, the interest rate funds a monthly prize draw for tax-free prizes.
All prizes are tax-free
Conditions for bonus payment
Not applicable
No notice, no penalty
Apply and cash in online, by phone or by post
Tax-free means that prizes are exempt from UK Income Tax and Capital Gains Tax.
Please make sure you’ve read our brochure which includes the customer agreement (terms and conditions last updated on 22 November 2020) before applying.
Apply nowPlease read the key product information below before switching this account for a child under 16.
NS&I Premium Bonds
Anyone aged 16 or over can buy Bonds.
Buy from £25 up to £50,000 in total.
No interest earned. Instead, the interest rate funds a monthly prize draw for tax-free prizes.
All prizes are tax-free
Conditions for bonus payment
Not applicable
No notice, no penalty
Apply and cash in online, by phone or by post
Tax-free means that prizes are exempt from UK Income Tax and Capital Gains Tax.
Please make sure you’ve read our brochure which includes the customer agreement (terms and conditions last updated on 24 November 2019) before applying.
You’ll need the following information to hand:
Please read the key product information below before switching to this account.
NS&I Premium Bonds
Anyone aged 16 or over can buy Bonds.
Buy from £25 up to £50,000 in total.
No interest earned. Instead, the interest rate funds a monthly prize draw for tax-free prizes.
All prizes are tax-free
Conditions for bonus payment
Not applicable
No notice, no penalty
Apply and cash in online, by phone or by post
Tax-free means that prizes are exempt from UK Income Tax and Capital Gains Tax.
Please make sure you’ve read our brochure which includes the customer agreement (terms and conditions last updated on 24 November 2019) before applying.
You’ll need the following information to hand:
If you already have an account with us, you can top it up whenever you like.
Give the following details to your bank:
When you set up your payment, you may receive a message saying 'This account can't be checked' or something similar. This doesn't mean the details you are using are wrong but please check them carefully.
Topped up by bank transfer or standing order? You’ll be able to see the money in your account in 2-3 working days
For more information on topping up by bank transfer see our FAQs
Top up your Premium Bonds using your debit card
Top up your account
1.00% until 23 Nov 2020
0.15% from 24 Nov 2020
Invest from £1 to £2 million
0.90% until 23 Nov 2020
0.10% from 24 Nov 2020
Invest from £1 to £20,000 tax year 2020/21
3.25% until 23 Nov 2020
1.50% from 24 Nov 2020
Invest from £1 to £9,000 tax year 2020/21
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Find out moreMost banks only guarantee your savings up to £85k. We’re the only provider that secures 100% of your savings, however much you invest.
We're backed by HM Treasury and we've been helping people save for 160 years now. Today, over a third of UK savers trust us with their money.
We created Premium Bonds and you can only get them from us. Open an account and you could win big in our monthly prize draw.
Due to coronavirus we can't offer our full range of services at the moment, so this form is temporarily unavailable.
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