When is premium bond draw held

We can still send you a cheque through the post if you prefer, but it does take longer. Call us. Cheques can take till the end of the month to arrive through the post.

For security, Premium Bonds prize cheques expire after 3 months. Contact us. To avoid problems like these, you can choose to have your prizes paid straight to your bank account or reinvested into more Bonds — these are quick, easy, safe and green ways to receive your winnings. Are Premium Bonds right for you? Are Premium Bonds worth it? Tax Are Premium Bonds safe and secure?

Next steps. What are Premium Bonds. Back to top. How do Premium Bonds work? Once held for a full month bonds are included in a monthly draw and you stand a chance of winning a cash prize.

You can buy them for yourself or on behalf of your child, grandchild or great-grandchild. You must be aged at least 16 to purchase Premium Bonds for yourself. Premium Bonds may be for you if:.

Join our Facebook group. All the money you put into Premium Bonds is secure. Most people who buy Premium Bonds will earn only a small amount as a percentage of the money they contribute. Unless you win one of the bigger prizes, your return is unlikely to beat inflation. Find out more about how inflation affects your savings in our guide Inflation — what the saver needs to know.

How to buy Premium Bonds. How to sell Premium Bonds. You can cash in your Premium Bonds at any time without penalty. You can also cash in online without having to create an account. Then fill it out and post it to the address printed on the form. How long does it take to cash in Premium Bonds? Find out more in our guide Tax on savings and investments — how it works. Are Premium Bonds safe and secure? Your money is secure, since Premium Bonds are fully backed by the government.

Find out more in our guides: Sort out a money problem or make a complaint Compensation if your bank or building society goes bust. Use our Money Navigator Tool. Have you got money worries because of coronavirus? Was this information useful? Yes No. Thank you for your feedback. Share this article. Email Facebook Twitter. More options. Share this with. WhatsApp LinkedIn. Explore this topic Close Types of savings. Help to Save explained ISAs and other tax-efficient ways to save or invest. Talk to us live Talk to us live for….

Talk to us live for… Pensions guidance. Talk to us live for… Money guidance. Talk to us live for…. Talk to us live for pensions guidance using. If your details have been out of date for some time, it's also worth finding out if you have any unclaimed prizes with your name on them. Do you want to comment on this article? Out of hours, all media team numbers are directed to the out of hours duty Press Officer. Navigation Main Content. Corporate Site.

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