National Premium Bonds
National premium bonds have always been a favourite way of investing money and buying premium bonds for new born children has been something that a lot of parents have done since they were developed back in the 1950’s.
When they were first introduced to the British public premium bonds could be purchased in single £1 amounts however they have now been brought more into line with the financial climate and a minimum amount of £100 is required.
National premium bonds were sold at British post offices and can still be bought there now however with the advancement of technology it is now possible to buy them online which can make the whole transaction one of ease and a real timesaver for those of us that have busy lifestyles.
Once you make your initial purchase of premium bonds you will have to wait one month for them to become eligible to enter the monthly draw that is performed by the NS&I electronic random number indicator equipment or ERNIE as it has now become more famously known.