| Do you think you should win at a least a | | | | money. Unlike any other bonds, you can |
| prize if you have invested 30,000 pounds | | | | withdraw your money at any time. |
| in premium bonds? There is no guarantee | | | | The negating factor is that you don't |
| that you will win a prize even in your | | | | earn any interest from these bonds. But |
| lifetime. But the report said that there | | | | you have an opportunity to become a |
| are 168 millionaires from the winning | | | | millionaire. In addition, you can use |
| the grand prize since 1994. So, you may | | | | the same bonds for every draw. If you |
| stand a chance to win. | | | | compare to lottery, then you understand |
| Anyone can buy premium bonds. The only | | | | that why so many British people invest |
| requirement is the person must be at | | | | in these notes. In the lottery, you have |
| least 16 years old. You can invest as | | | | to buy all the time but for premium |
| little as 100 pounds or as high as | | | | bonds, you can buy one time and you are |
| 30,000 pounds. | | | | entitled for a lifetime opportunity to |
| Although the bonds don't give you any | | | | win 1,000,000 dollars of cash provided |
| interest, but the money which is pooled | | | | that you don't redeem them for cash. |
| together from all the investors provides | | | | Another factor that many people don't |
| a sufficient fund for the cash prizes. | | | | consider is the inflation rate. Although |
| You can calculate the interest by taking | | | | you don't lose your investment, but the |
| the total cash money and divide it by | | | | inflation will depreciate the value of |
| the total investment. It will come to | | | | your investment. What you have invested |
| about 4% for every pound invested. | | | | 10 years ago is not going be the same |
| How do the National Savings and | | | | worth should you decide to redeem the |
| Investment agency determine who is the | | | | bonds today. You would not be able to |
| winner of the cash prizes? Every month, | | | | buy many things today if you could buy |
| they will draw random numbers using a | | | | them 10 years ago with the same amount |
| number generator which is known as | | | | of money. |
| ERNIE. It will prevent any kind of | | | | Premium bonds are safe investments. |
| pattern. This will ensure that no one | | | | Today, the National Savings and |
| can cheat the machine. Every bond will | | | | Investment firm offer an easier way to |
| have a unique number. However, you need | | | | buy the bonds. You only need to call |
| to remember one unique code. This unique | | | | them by phone. Apart from this, you can |
| code is issued to you as a bondholder | | | | buy them from post offices, ATMS or |
| when you buy your first premium bonds. | | | | directly from the agency. You only need |
| With this unique code, it can trace to | | | | to remember one thing. It is risk-free |
| all your bonds that you have bought. | | | | and offers no interest. Nevertheless, it |
| The good thing about this investment is | | | | is not inflation-proof. The value of |
| that the government guarantee it. You | | | | your investment will depreciate over the |
| can say that it is a very safe | | | | time. |
| investment because you won't lose your | | | | |