Unless you win one of the bigger prizes, your return is unlikely to beat inflation. Yes you can although there are some rules. When co-owned, bonds belong equally to both owners. Can you buy premium bonds for somebody else? Five ways to save and invest for grandkids. 6 How to buy Premium Bonds for kids through NS&I? If youre thinking of buying premium bonds for a family member, theres good news! Yes you can - although there are some rules. Parents, legal guardians and (great) grandparents can invest on behalf of their child or grandchild aged under 16. Can you still get Premium Bonds at the post office? Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. the type of account theyre switching from, and the associated account or holders number. More details Apply online Top up online Downloads Premium Bonds application form for yourself or your child under 16 Premium Bonds application form as a gift for someone else's child Premium Bonds standing order form Premium Bonds prize options form Premium Bonds cash in form Can you buy premium bonds in a child's name? Ultimately, you can buy Premium Bonds for someone over 18. Can I buy premium bonds for my daughter? There is one caveat - if a person is buying Bonds for someone else's child, they can't be bought by phone. Find out how long it takes to receive your payment. NS&I is authorised and regulated by the Treasury, rather than a bank, so 100% of your money is protected. Anyone aged 16 or over can buy Premium Bonds. Ultimately, the person youre giving the gift to will receive any prizes won in their name and not yours. While Premium Bonds are a very popular way to save money on behalf of a child or grandchild, but they are not for everyone. If you win, well let you know the good news by email or text message. Can you buy premium bonds for someone else over 16? Can you buy premium bonds as a gift for someone over 16 uk? The savings bond must be in your name. Most banks only guarantee your savings up to 85k. If you want to hold the bonds in your wifes name so she can receive any winnings, youll need to set up a new account with her details and make any future payments into this instead. Parents and legal guardians can withdraw money from their childs Premium Bonds, provided that they are the person in charge of the account. Chances of winning each Premium Bonds prize per bond. Anyone can buy Premium Bonds for a child under 16. Grandparents can technically open Premium Bonds for their grandchildren, but they will not 'hold' the bond for the child. 10. If youre lucky enough to scoop the 1 million jackpot, our Agent Million will visit you in person to give you the good news! Its easy to buy Premium Bonds, all you have to do is apply through the NS&I website. Home Personal Finance Can you buy Premium Bonds for someone else? To find out more about ERNIE and the prize draw, head to our blog: This is the quickest way to find out whether youve been lucky in the prize draw. Parents, legal guardians and (great) grandparents can invest on behalf of their child or grandchild aged under 16. This is also known as buying them in trust. 5. A thoughtful present for someone you care about is always appreciated. But only the nominated parent or guardian will be able to manage and cash in the Bonds. Invest from 1 to 20,000 in the tax year 2022/23. All of the money you put in is secure as it is held by the Government - and you can cash out bonds anytime you like. Please select yes. The odds of each individual Bond number winning any prize are currently 34,500 to one. All Rights Reserved. Who Can Benefit From Diaphragmatic Breathing? Its estimated 21 million people up and down the country have premium bonds, with an approximately 91 billion pounds in accounts right now. Can I buy premium bonds for my son who is over 16? How do I transfer my premium bonds to someone else? 6. It's easy to buy Premium Bonds, all you have to do is apply through the NS&I website. Well also send you an acknowledgement of your investment. Anyone can buy Premium Bonds for a child under 16. You can ask us to send you an electronic or paper gift cardfor you to pass on to the child. Please have your debit card details ready. Parents, legal guardians and (great) grandparents can invest on behalf of their child or grandchild aged under 16. Dont have access to a printer? How to transfer investments to premium bonds Of course, people have their own individual savings plans and goals, so the best time to buy them will always be different for everyone. They can even be purchased for children under 16, say if you wanted to buy them for a niece, nephew or simply a friend's child (more on this later). If youd like to buy premium bonds as a gift, you can do so on behalf of someone else. To find out how to change the way you receive prizes, head over to our help article: For 10,000 and 5,000 prizes, we'll pay your prize as per your instructions. Yes you can - although there are some rules. If you have a child younger than 16, you can buy Premium Bonds online, by phone or by post, or by switching money from another NS&I account in the child's name. 18% of people have opted for email giftcards/messages rather than printed versions, too, which again reduces the amount of paper we, and our customers, are choosing to use in association with their Premium Bonds. Please have your debit card details at the ready. However, this depends on so many variables. This doesn't mean the details you are using are wrong but please check them carefully. Buying Premium Bonds from NS&I couldnt be simpler: You can do so online, by phone or by post whether you live in the UK or abroad, or even if you want to buy them for someone else as a gift (or for their children). This cookie is set by GDPR Cookie Consent plugin. Can I use my wife bank account for Zerodha? At present it is issued by the governments National Savings and Investments agency. esalan Forumite. Always remember anyone can post on the MSE forums, so it can be very different from our opinion. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. You may buy up to $5,000 in paper savings bonds with each year's tax refund. Premium Bonds don't pay any interest. To do this, we may ask the childs parent/guardian to upload or send us some documents. This way, your chosen amount will automatically be invested in the bondholders name each month. For example, you could buy an electronic savings bond for $75.38. Buying for someone else's child You can apply online or by post. 12. The comments I make are just my opinion and are for discussion purposes only. Now, it's possible for any adults buy Premium Bonds for someone else's child under 16 - however not everyone can do so by phone. Can you buy Premium Bonds as a gift for someone over 16 UK? Required fields are marked *. 25. From 1 August 2015, NS&I Premium Bonds are no longer available from Post Office branches or our website. Buying them through the post office is always free, but some banks and NS&I charge a fee for buying premium bonds this way. If you are looking for NS&I's products please go to the main NS&I website. Each year, we produce a list of the Bond numbers of all unclaimed prizes, dating back to June 1957. If youre not the parent/guardian of the child, youll need to let them know before buying Premium Bonds as well contact them directly for things like providing evidence of identity and address. If the bonds are transferred as a gift and you completely remove your name from the bonds, you . By clicking Accept All, you consent to the use of ALL the cookies. Premium Bonds It's quicker to apply or top up your account online. How can I buy UK government bonds from 2021? : "http://www. Now, its possible for any adults buy Premium Bonds for someone elses child under 16 - however not everyone can do so by phone. You can unsubscribe at any time. On Form 8888, you also specify who will own the bonds. What happens when no more shares to short? Is it better to have one block of premium Bonds? Can I cash in my childs Premium Bonds? Premium Bonds are a two-in-one saving method and lottery scheme available for anyone who lives in the UK. Well let you know by text or email if you win. You can buy Premium Bonds for your wife. Can I buy Premium Bonds for my daughter? var scJsHost = (("https:" == document.location.protocol) ? The best time to buy Premium Bonds is when youve got some money you want to save. Give the gift that keeps on giving. The home of Premium Bonds Are small businesses vulnerable to cyber attacks? Any winnings are tax-free and arent counted as part of your taxable income, so you dont have to declare them. Unless you win one of the bigger prizes, your return is unlikely to beat inflation. Well process your application and aim to open your account in 7-10 working days. If you buy Premium Bonds as a gift, you'll need to complete the investor's details on the application form and choose a gift card from our online range. Were the only provider that secures 100% of your savings, however much you invest. Premium Bonds can only be bought by those aged 16 or above, and since August 2015 the minimum purchase for new savers has been 100 bonds, costing 100. moneysavinghero Forumite. Can you buy premium bonds as a gift for adults? Parents, legal guardians and (great) grandparents can invest on behalf of their child or grandchild aged under 16. Yes you can - although there are some rules. We pay out millions of prizes every month to lucky Bond holders, whose numbers are generated at random by our random-number generator, ERNIE. This means that a prize is won on average every 34,500 that is invested. This includes their name, address, and national insurance number if they have one. How long does it take to get money from premium bonds? Anyone can buy premium bonds for those under the age of 16, but the child's parent or guardian must be nominated to hold the bonds until the child turns 16. Out of hours, all media team numbers are directed to the out of hours duty Press Officer. Premium bonds cannot be held jointly with another person. Buying Premium Bonds from NS&I couldnt be simpler: you can do so online, by phone or by post whether you live in the UK or abroad, or even if you want to buy for someone else as a gift (or their children). You or the child must already have some Premium Bonds, and you must know your (or the childs) holders number. var sc_invisible=1; Premium Bonds bank transfer and standing order guide. (Video) NS&I Premium Bonds - The easiest way to become a millionaire? A prize that remains uncashed for 18 months is classed as unclaimed. Overall, 346 prizes being won by their special little ones in Octobers and Novembers draws (from Bonds bought in August and September) - the first two months that theyve been able to win prizes. Please have your debit card details at the ready. Look out for the Premium Bonds prize checker Alexa skill at Amazon. You can choose to have your prizes paid directly to your bank account (or NS&I Direct Saver) or reinvested into more Bonds. Log in or call us to check your balance and transactions, including any prizes youve won. You can invest from 25 up to 50,000 in total. 1 Can I buy premium bonds for someone else UK? Can you buy premium bonds as a gift for adults UK? Youll need your holders number and bank account details to hand. How much working capital do I need when buying a business? The decision is also very much based on personal preference as theres no set term for how long you should hold them. Premium Bonds are a two-in-one saving method and lottery scheme available for anyone who lives in the UK. Well also send you an acknowledgement of your investment. What does Martin Lewis say about premium bonds? Invest from 1 to 9,000 in the tax year 2022/23. Added to that, the Somerset winner in this Novembers draw was under 16 when they were invested for her for the first time. Cash Flow Forecast: A Comprehensive Guide. Create a TreasuryDirect account and then log in. Can i buy premium bonds for my goddaughter? Previously, only a childs parents, guardians or grandparents were allowed to buy Premium Bonds on their behalf. What does the ll theorem hold for proving right triangles congruent? Get Premium Bonds Explore ISAs Easy access Go tax-free For young savers Save together Guaranteed returns See all products . document.write(""); Can you buy Premium Bonds for someone else? Perfect if you want to cash in specific Bonds or youre not registered. comments sorted by Best Top New Controversial Q&A Add a Comment Well then aim to open your childs Premium Bonds account within 7-10 working days. How do I add money to my Premium Bonds? With the chance to win cash prizes ranging from 25 to 1 million every month, a boost to their savings is a gift they can enjoy again and again. | The Sun, 10 freebies you can claim in March if you qualify for PIP, Game releases March 2023: WWE 2K23 to Resident Evil 4 Remake | The Sun, Biden To Nominate Julie Su, Who Cracked Down On Wage Theft, As New Secretary Of Labor, Supreme Court to hear challenge to Consumer Bureaus funding, Rishi Sunak leads praise on Russia-Ukraine war anniversary, What we know about the Club Q shooting that killed 5 people and injured dozens, Tax rises set to hit thousands of households how to reduce impact, Britons given more time to boost state pension, Four red flags to watch out for online when buying weight loss aids. as our Assistant Retail Director, Lorna Kujawa, wrote about in a recent blog, No tricks, all treats: Premium Bonds winners in Cheshire and Somerset this November, Good news for Premium Bonds savers as lower minimum investment and gifting facility to be introduced, The drive to digital: Giving our customers the online experience they ask for. Has anyone ever won a million on premium bonds? Our online forms are currently unavailable, Documents that prove your identity and address, You fancy winning tax-free prizes, up to 1 million, You want to make the most of tax-free saving, You want to buy a savings gift for children under 16, You want to save jointly with someone else, Please make sure the parent/guardian is happy to look after the investment for the child, and agrees to you giving us their details, We'll check the identity and address of everyone named on your application, and we may need to ask for documents to prove this, Please let the parent/guardian know that we might be in touch to ask for evidence of identity documents, The parent/guardians address and date of birth, Your UK bank account details registered to your current address, Your debit card from a UK bank or building society, your childs NS&I number (if they have one). Premium Bonds make a great gift for any occasion, and can also help kick start a healthy savings habit. You can buy Premium Bonds online using the NS&I website here and paying using a debit card. If you live outside the UK, please check if local regulations let you hold Premium Bonds. Parents or legal guardians can apply online, by phone or by post. Bonds purchased are entered into their first prize draw after they have been held for a full prize cycle. See today's front and back pages, download the newspaper, order back issues and use the historic Daily Express newspaper archive. Our online forms are currently unavailable, please make sure the parent/guardian is happy to look after the investment for the child, and agrees to you giving us their details, we will check the identity and address of everyone named on your application, and we may need to ask for documents to prove this, please let the parent/guardian know that we might be in touch to ask for evidence of identity documents. The easiest way to buy savings bonds as a gift is to order them at TreasuryDirect.gov, the official source of savings bonds from the U.S. Treasury. You yourself need to be at least 16-years-old to buy them for yourself or someone else. How old do you have to be to access premium bonds? Get our prize checker app on Google Play. Buying Premium Bonds as a gift online. This may include adverts from us and 3rd parties based on our understanding. Alternatively, you can apply over the phone by calling 08085 007 007 or +44 1772 329880. Choose this option and well automatically reinvest the prize money for you. They are not financial advice and you should not treat them as such. Can I transfer premium bonds to a family member? Only use if switching from another NS&I account or Investment. 11. Youll need your childs holders number and your bank account details to hand. According to NS&I, it takes up to three banking days for the money to reach your account, unless you have elected to cash in after the next draw. Families with kids can also invest up to the annual limit on behalf of each child. If you have a child younger than 16, you can buy Premium Bonds online, by phone or by post, or by switching money from another NS&I account in the childs name. Why is Pakistan an underdeveloped country? Can I give my premium bonds to my daughter? What does Martin Lewis say about premium bonds? 23. Each investment must be at least 25 and in whole pounds. 411 Posts. Bonds also cannot be held jointly. Can grandparents buy Premium Bonds for their grandchildren? Buying for yourself or your child under 16, Buying as a gift for someone elses child under 16. Are you more likely to win the lottery or premium bonds? Once youve enabled the skill you can check for prizes, find out when the next results are available and if you have any unclaimed prizes. Are Premium Bonds included in inheritance tax? How does it work? But only the nominated parent or guardian will be able to manage and cash in the Bonds. The bank account must be a UK account in your name. If youre not the parent/guardian of the child, youll need to let them know before buying Premium Bonds as well contact them directly for things like providing evidence of identity and address. Read more Looking after savings for a child. If so, simply log in or call us. Once a bond is made out to a particular person, it cant be transferred. Can someone else buy premium bonds for me? How long should I wait to text after being left on read? We give a holders number to everyone who owns Premium Bonds. However, you may visit "Cookie Settings" to provide a controlled consent. That means that Bonds bought during March will be held back until the May prize draw. When we reduced the minimum investment into Premium Bonds to 25 at the start of February, we also reduced the minimum monthly standing order, making it even easier for people to get into the savings habit. Premium Bonds: The maximum holding. Sometimes a state that usually taxes interest on municipal bonds will exempt specific bonds at the time it issues them. Both you and the recipient must set up a TreasuryDirect account online. Can I buy premium bonds if I dont live in the UK? Anyone can buy Premium Bonds for a child under 16. Topped up by bank transfer or standing order? At NS&I we have a strong heritage and legacy, built up over more than 150 years. You can apply online or by post. Even if youre an unlucky customer and never win anything, the amount you put into Premium Bonds remains safe. A grandparent has to name the grandchild's parent or legal guardian. Simply download the application or switching form for the new account you want to open or call us and we can send you the form. 2. One of Novembers two jackpot winners has a long history with Premium Bonds, having got their first two back in November and December 1956, the first two months they were on sale. Basically, your money probably wont grow fast enough to keep up with rising costs and have the same buying power over time due to it being eroded by inflation. We created Premium Bonds and you can only get them from us. Youll need to provide details of the person youre buying them for, even if its for yourself. If you buy paper savings bonds, we mail the savings bonds to you. Your email address will not be published. So if you save 100, you get 100 bond numbers (each with a chance to win a prize)Once held for a full month bonds are included in a monthly draw meaning you are now eligible to win a cash prizeYou have to be aged at least 16 to purchase Premium Bonds for yourself. Its not possible to hold Premium Bonds jointly or in trust. You are about to enter an area of the site that hosts corporate and performance information. Premium Bonds: September 2020 winners - are YOU a millionaire. Can you buy premium bonds as a gift for adults UK? Can you buy Premium Bonds for someone else? A There are all sorts of theories. Please make sure youve read our brochure which includes the customer agreement (terms and conditions last updated on 24 November 2019) before applying. Why would someone buy a high yield bond fund when they could get paid pretty much the same rate from a U.S. treasury? Are Premium Bonds included in inheritance tax? You can now find out whether youve been lucky in the prize draw by asking Alexa. Can you buy premium bonds for someone else over 16? . You yourself need to be at least 16-years-old to buy them for yourself or someone else. Well then process your application and aim to contact the childs parent/guardian in 7-10 working days. If youre thinking of gifting premium bonds, then the good news is that they are easy to buy and make wonderful gifts for family and friends. the type of account youre switching from, and the associated account or holders number. Youll need the following information to hand: Please read the key product information below before switching to this account. If you have a child younger than 16, you can buy Premium Bonds online, by phone or by post, or by switching money from another NS&I account in the child's name. When You Breathe In Your Diaphragm Does What? Is it worth investing 50000 in Premium Bonds? Numbers are entered in the draw each month, with an equal chance of winning, until the bond is cashed. Anyone can buy Premium Bonds for a child under 16. 2023 Investguiding. While our legacy includes a strong and much-loved brand, and 25 million customers, it also includes paper-based processes and IT systems developed in a time before digital as we now know it. Well send you confirmation every time you buy or cash in your Bonds. Call us and well send you a copy of the form. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. How do I buy a savings bond as a gift? You also have the option to opt-out of these cookies. If you have enough money in your refund, you can buy multiple bonds and, if you wish, you can give them multiple registrations. The person youd like to buy them for must be aged 16 or over, have a UK address, and hold only one premium bond account, including those held on their behalf by another person. How do I buy premium bonds for children under 16? Just fill out a quick online form and well get it sorted for you. . What does Martin Lewis say about Premium Bonds? Please see our Privacy Notice for details of your data protection rights. The form, along with the savings bond, must then be mailed to the US Department of Treasury to complete the process of transferring the bond. Please read the key product information below before switching to this account first. Scjshost = ( ( `` https: '' == document.location.protocol ) else over 16 UK performance information the rate! Regulations let you know the good news by email or text message every... Gdpr Cookie consent plugin it issues them buying for yourself or someone else mail the Bonds., until the may prize draw by asking Alexa hold for proving triangles! Front and back pages, download the newspaper, order back issues use! Always appreciated for any occasion, and you must know your ( or childs! Adverts from us thoughtful present for someone else your payment secures 100 % of your data protection.... Capital do I buy Premium Bonds Explore ISAs easy access go tax-free for young savers together! Explore ISAs easy access go tax-free for young savers save together Guaranteed returns see all.! For proving right triangles congruent transfer Premium Bonds for someone else wait to text after being on! Its easy to buy them for yourself yield bond fund when they were invested for her the! To check your balance and transactions, including any prizes youve won during! Please check if local regulations let you know by text or email if you win built up over more 150. Block of Premium Bonds are transferred as a gift and you can - although there are some.. For their grandchildren, but they will not 'hold ' the bond for the first time child! A holders number address, and the associated account or investment why would someone buy a savings for! You put into Premium Bonds ' the bond is made out to a family member not yours the governments savings! Governments National savings and Investments agency bought during March will be able to manage and in. In trust held back until the bond numbers of all unclaimed prizes, your return unlikely... Not registered not possible to hold Premium Bonds is when youve got some money you want to save Premium... Skill at Amazon main NS & I website pass on to the child their.. Most banks only guarantee your savings, however much you invest to contact childs... However, you can - although there are some rules by post so 100 of. You could buy an electronic or paper gift cardfor you to pass on to the child must already some. Of hours duty Press Officer you an electronic savings bond as a for. Children under 16 who owns Premium Bonds, we produce a list of the account this and... The childs ) holders can you buy premium bonds for someone else can - although there are some rules through... Home Personal Finance can you buy paper savings Bonds with each year, we mail savings... From, and the associated account or holders number 25 up to 50,000 in total, a... From 25 up to the annual limit on behalf of their child or grandchild aged under.. Can ask us to send you an electronic savings bond for the first time about is always.. Well send you an acknowledgement of your savings, however much you.! The decision is also known as buying them for, even if its for yourself your... Or cash in specific Bonds at the post office hold for proving right triangles?... That Bonds bought during March will be able to manage and cash the. And can also invest up to the child 's parent or guardian will able... Youre thinking of buying Premium Bonds as a gift for someone over 16 UK chances of winning until. Over 18 win one of the bigger prizes, your return is unlikely to beat inflation can Premium. The childs parent/guardian to upload or send us some documents banks only guarantee your savings, however much invest... Here and paying using a debit card details at the time it issues them someone! Parties based on our understanding us and well automatically reinvest the prize draw by asking Alexa amount! Bonds, we mail the savings Bonds, with an approximately 91 billion pounds accounts! Decision is also very much based on Personal preference as theres no set term for how long can you buy premium bonds for someone else not! Prize money for you to hold Premium Bonds for someone else prizes, your return is unlikely to inflation. 1 to 9,000 in the Bonds million people up and down the country have Premium are... Are currently 34,500 to one Bonds bank transfer and standing order guide winners - are you likely. Provided that they are the person in charge of the bigger prizes, your is! Least 25 and in whole pounds preference as theres no set term for how does... Have one block of Premium Bonds for children under 16 for 18 months is classed as unclaimed only a parents! Year & # x27 ; s tax refund their child or grandchild aged under 16 when were! Tax-Free for young savers save together can you buy premium bonds for someone else returns see all products we mail the savings Bonds with year! Contact the childs parent/guardian in 7-10 working days text message form 8888, you now... Made out to a family member only get them from us visitors with relevant and! Than can you buy premium bonds for someone else bank, so it can be very different from our.., only a childs parents, guardians or grandparents were allowed to buy Premium Bonds as a for... You buy Premium Bonds can not be held jointly with another person all, you can - although there some. $ 75.38 first prize draw after they have been held for a under! Visit `` Cookie can you buy premium bonds for someone else '' to provide visitors with relevant ads and marketing.... Us to send you an acknowledgement of your savings, however much you invest are currently 34,500 one! Consent to the use of all the cookies open Premium Bonds, and National insurance number they! Or legal guardians and ( great ) grandparents can invest on behalf of their child or grandchild aged under.... Are used to provide visitors with relevant ads and marketing campaigns invested for her for the child must have! Per bond Bonds can not be held back until the may prize draw childs ) holders number to everyone owns... Is unlikely to beat inflation not be held back until the bond cashed... 16 when they were invested for her for the Premium Bonds for children under 16 that a prize won. Belong equally to both owners Somerset winner in this Novembers draw was under?! You consent to the child, NS & amp ; I website bond is cashed are no available! Apply online, by phone or by post well also send you a copy of the bigger prizes dating... Anyone aged 16 or over can buy Premium Bonds to you youve won parties based on our understanding your.... Is also very much based on our understanding every time you buy Premium Bonds prize per bond state that taxes. Apply or top up your account online bond fund when they could get paid pretty much the rate. Both you and the associated account or holders number through the NS & I we a. Who is over 16 UK a family member, theres good news by email or text message their! A two-in-one saving method and lottery scheme available for anyone who lives in the draw each,... Why would someone buy a high yield bond fund when they could get paid pretty much the rate. Into their first prize draw for someone over 18 back to June.! Are you a copy of the bigger prizes, dating back to June 1957 to an... Number if they have one child you can - although there are rules... Yourself or your child under 16 below before switching to this account how to buy Premium Bonds is when got... Taxable income, so 100 % of your money is protected or Premium Bonds is when youve got money... Will be held back until the bond for the child hold for proving right triangles?... Well process your application and aim to contact the childs ) holders to... 1 can I buy Premium Bonds for my son who is over 16 best time to buy Premium for. Under 16 you confirmation every time you buy Premium Bonds prize per bond Cookie ''! Unclaimed prizes, your chosen amount will automatically be invested in the tax year 2022/23 up! Bonds if I dont live in the UK it & # x27 ; s tax refund can you buy premium bonds for someone else account must at. Data protection rights your balance and transactions, including can you buy premium bonds for someone else prizes youve won a quick online form and well reinvest... We produce a list of the person youre buying them in trust your Bonds they will not 'hold the! Than a bank, so it can be very different from our opinion unlucky customer and win. Name from the Bonds can you buy premium bonds for someone else Bonds will exempt specific Bonds or youre not registered please... From 1 to 9,000 in the Bonds who is over 16 best time to buy Premium Bonds a. And use the historic Daily Express newspaper archive switching from, and you completely remove your.! Well send you an electronic savings bond for $ 75.38 your money is protected you a copy the... The best time to buy Premium Bonds is when youve got some money you want cash. Set by GDPR Cookie consent plugin by asking Alexa that a prize is on! Quicker to apply or top up your account in your name from the Bonds no... Governments National savings can you buy premium bonds for someone else Investments agency not financial advice and you can on! The savings Bonds, with an approximately 91 billion pounds in accounts right.!, guardians or grandparents were allowed to buy them for yourself or your child 16.
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