Premium Bonds

A fun way to save, with the chance to win tax-free prizes each month.

Essentials at a glance

What are the odds of winning?
21,000 to 1 (for every £1 Bond) from the September 2023 prize draw
What's the annual prize fund rate?
4.65%  from the September 2023 prize draw
Will you pay tax?
No. All prizes are tax-free.
What's the min. to pay in?
What's the max. to pay in?

Great for you if …

  • You fancy winning tax-free prizes, up to £1 million
  • You have £25 or more to save
  • You want to make the most of tax-free saving
  • You want to buy a savings gift for children under 16

Not for you if …

  • You want a regular income
  • You're looking for guaranteed returns
  • You're concerned about inflation
  • You want to save jointly with someone else

Premium Bonds FAQs

How it works

Your Bonds and the prize draw

Can't find what you're looking for?

Ready to apply?

Be sure to check our FAQs first, then we'll show you the Premium Bonds customer agreement before you apply.