New look Premium Bonds certificate
The introduction of the new certificate does not affect existing Bonds, which are still valid and will continue to be included in each monthly prize draw.
In another move to respond to customer need, NS&I is also introducing a top up system for Premium Bonds. Currently, some customers hold irregular amounts of Bonds, a legacy of the times when Premium Bonds could be purchased in denominations of £1, £2 and £5.
Under the current terms and conditions customers with ‘irregular’ holdings can not increase to the maximum investment without cashing some Bonds and re-investing. The new system will allow customers to top up to the maximum holding of £30,000 more conveniently, by simply obtaining the required number of Bonds through auto prize re-investments.
Once a customer has completed an auto reinvest mandate, any further prizes they win will top them up to the maximum holding. If there is any money left over from the prize this will be sent to the customer as a warrant.
For further information on either the new look Premium Bond certificate or the top up scheme customers can call National Savings and Investments on 0845 964 5000.
How to buy Premium Bonds
- Set up a standing order and make regular monthly purchases of £50 or more (after an initial purchase of £100)
- Over the phone by using a debit card and calling NS&I on 0500 007 007
- On the NS&I website at www.nsandi.com Request an application form from NS&I over the phone at 0845 964 5000
- Over the counter at any Post Office branch or pick up an application form and post to NS&I
Notes to Editors
A full history of Premium Bonds and a wide selection of photography is available from NS&I. Contact the media team for more information.
NS&I is the exclusive sponsor of IX Investor 04, a one-day exhibition at London Olympia, designed to help private investors get the best return on their investments. Investor 04 is on Saturday 23 October 2004. More information is available at www.ixexpo.com.