How to Purchase Premium Bonds

In 2012, 26 million people in the United Kingdom bought premium bonds.

In 2012, 26 million people in the United Kingdom bought premium bonds.

If you enjoy the thrill of playing the lottery but don't want to run the risk of losing your hard-earned money, a premium bond could be the right investment for you. Premium bonds are sold by National Savings and Investments and are backed by the Her Majesty's Treasury, so safety is not an issue. The downside is premium bonds don´t pay you interest. Instead of fixed interest rates, you receive the chance of winning monthly prizes of up to 1 million pounds sterling. You can purchase premium bonds quickly and safely online, over the phone, by mail or at your local post office.

Visit the National Savings and Investments premium bonds' website. Read the information on premium bonds to confirm this is the right financial product for you. Read the terms and conditions that apply to premium bonds.

Click on the "Apply now" button at the bottom of the page. Fill in the required fields of the application form. This form also registers you with the National Saving and Investments system so you can later manage your investment online or over the phone.

Select the number of premium bonds you want to buy. Provide your debit card details and confirm your purchase.

Items you will need

  • Debit card details
  • UK bank account details
  • Email address


  • Purchase your premium bonds over the phone by calling the toll-free number 0500 500 000. Have your debit card and bank details available to complete the purchase. You may also buy premium bonds over the counter at your local Post Office branch; or by snail mail by downloading an application form from NS&I's website and sending a completed form and a check to the following address: Premium Bonds, National Savings and Investments, Glasgow, G58 1SB.


  • Premium bonds are not for everybody. Although the large prizes and tax-free status are a big attraction to certain investors, only 1.5 percent of the funds invested in premium bonds are distributed in prizes. Talk to a financial adviser and ensure this product is the right investment for your circumstances and goals.

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About the Author

Andrew Latham has worked as a professional copywriter since 2005 and is the owner of LanguageVox, a Spanish and English language services provider. His work has been published in "Property News" and on the San Francisco Chronicle's website, SFGate. Latham holds a Bachelor of Science in English and a diploma in linguistics from Open University.

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