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Illustration of Premium Bonds with a piggy bank, prize draw tickets, coins, and a subtle UK flag representing savings, prize-winning, and government backing.
26/08/2024
Quick Answer: How Do Premium Bonds Work? Premium Bonds are a savings product where each £1 bond enters a monthly prize draw instead of earning interest. Bondholders have a chance to win tax-free prizes ranging from £25 to £1 million, with all...
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