Premium Bonds
- ️Wed Mar 05 2025
A fun way to save, with the chance to win tax-free prizes each month.
Essentials at a glance
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What are the odds of winning?
- 22,000 to 1 for every £1 Bond in the monthly prize draw (variable)
What's the annual prize fund rate?
- 3.80%, variable (from the April 2025 prize draw) Will you pay tax?
- No. All prizes are tax-free. What's the min. to pay in?
- £25 What's the max. to pay in?
- £50,000
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?
Direct ISA
3.50% tax-free/AER, variable
Save up to £20,000 without paying a penny in tax on the interest.
Invest from £1 to £20,000 in the tax year 2024/25.
Direct Saver
3.30% gross/AER, variable
An easy access savings account that pays your interest yearly, to top up your savings.
Invest from £1 to £2 million.
Junior ISA
4.00% tax-free/AER, variable
A tax free way to save for children up to the age of 18.
Invest from £1 to £9,000 in the tax year 2024/25.