A Wedding Gift Idea: Premium Bonds Explained

Premium bonds are a great way to gift your loved ones on their wedding day. Not only do they make for a thoughtful present, but they also help kickstart a healthy savings habit. With a minimum investment of £25, premium bonds offer the chance to win cash prizes ranging from £25 to £1 million every month. This means that the gift of a boost to their savings is a gift they can enjoy again and again. Premium bonds can be purchased for children under 16 or for another adult if you are their power of attorney. So, if you're looking for a unique and meaningful wedding gift, premium bonds are definitely worth considering.

Premium bonds can be purchased online, by phone, or by post

When buying premium bonds as a gift, you can choose to receive a free gift card with your own personal message either by post or electronically. If you are buying for a child, you will need to make sure that their parent or guardian is happy to look after the investment for them and agrees to provide evidence of identity and address.

If you are buying premium bonds for another adult, you must be acting as their power of attorney. If you are buying for a child under 16, the parents or guardians will need to be nominated to look after the child's funds until they turn 16.

Premium bonds can be bought for another adult if you are their power of attorney

Premium bonds can be purchased as gifts for children under 16 who are not your own, such as a niece, nephew, or friend's child. In this case, the parents or guardians will need to be notified and nominated to look after the child's funds until they turn 16.

However, you can also buy premium bonds for another adult if you are their power of attorney. This means that if you are managing the financial affairs of a friend or family member who is unable to do so themselves, you can buy premium bonds on their behalf.

Premium bonds can be purchased online, by phone, or by post, with a minimum investment of £25 and a maximum of £50,000. Each £1 invested will get a unique bond number, and after a full month, the bonds will be entered into a monthly draw with cash prizes ranging from £25 to £1 million.

If you are buying premium bonds as a gift, NS&I offers free gift cards with personal messages that can be received by post or electronically.

Premium bonds can be purchased for children under 16

If you are not the parent or guardian of the child, you will need to let them know before buying premium bonds, as the parent or guardian will be contacted directly for things like providing evidence of identity and address. The parent or guardian will also need to be nominated to look after the child's funds until they turn 16.

You can buy premium bonds for children online by visiting the NS&I gift page or by post. If you are buying premium bonds for your own child, you can also apply over the phone. The minimum investment amount is £25, but you can invest up to £50,000. With premium bonds, the child has the chance to win cash prizes ranging from £25 to £1 million every month.

Premium bonds can be bought for nieces, nephews, or friends' children

The parents or guardians will need to be nominated to look after the child's funds until they turn 16. Before buying premium bonds as a gift, it's important to let the parent or guardian know so they can expect a request for evidence of identity and address.

You can buy premium bonds for children online by visiting the NS&I gift page or by post. If you're buying for your own child, you can also apply over the phone. The minimum investment amount for premium bonds is £25, and children can hold up to £50,000 worth of bonds.

With premium bonds, the child will have the chance to win cash prizes ranging from £25 to £1 million every month, making it a fun and exciting way to boost their savings.

Premium bonds can be purchased for as little as £25

Anyone can buy premium bonds for a child under 16, and the child can hold up to £50,000 worth of bonds. If you are not the parent or guardian of the child, you will need to let them know before purchasing the bonds, as NS&I will contact them directly for identity and address verification. You can buy premium bonds for another adult if you are acting as their power of attorney.

The process of buying premium bonds is simple and can be done online, by phone, or by post. When you buy a premium bond, you will receive a unique bond number for every £1 you invest. After holding the bonds for a full month, they will be included in the draw. While there is no minimum investment amount, you can invest up to £50,000 in premium bonds.

So, if you're looking for a unique and thoughtful wedding gift that could potentially grow the recipient's savings, premium bonds are a great option to consider.

Frequently asked questions