barryqwalsh
Gold Member
- Sep 30, 2014
- 3,397
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As Premium Bonds have been very successful in the UK!
A Premium Bond is a lottery bond issued by the United Kingdom government's National Savings and Investments agency. The bonds are entered in a regular prize draw and the government promises to buy them back, on request, for their original price. The bonds were introduced by Harold Macmillan in 1956.
The government pays interest on the bond (1.35% in May 2015). Interest is paid into a fund from which a monthly lottery distributes tax-free prizes, or premiums, to bond-holders whose numbers are selected randomly.
A Premium Bond is a lottery bond issued by the United Kingdom government's National Savings and Investments agency. The bonds are entered in a regular prize draw and the government promises to buy them back, on request, for their original price. The bonds were introduced by Harold Macmillan in 1956.
The government pays interest on the bond (1.35% in May 2015). Interest is paid into a fund from which a monthly lottery distributes tax-free prizes, or premiums, to bond-holders whose numbers are selected randomly.
