The maximum investment in premium bonds has just been increased to £30,000, which means you have 10,000 more chances to win the £1million jackpot every month.

The last time the limit was raised was in April 1993, from £10,000 to £20,000, and the number of customers who hold £20,000 has increased from 75,000 five years ago to more than 350,000.

The prize fund rate is 2.25% a year tax free which is equivalent to 2.81% for a basic rate tax payer and 3.75% for a higher rate tax payer.

Investors who increase their holdings to £30,000 could expect to win 12 tax-free prizes a year, while those with the previous maximum holding of £20,000 could expect to win 8 tax free prizes a year.

All prizes are tax-free, and premium bonds are 100% secure and you can get your money back whenever you want.

National Savings and Investments have the backing of HM Treasury.

We take great pride in our service, and would be delighted to invite you for a free 1 hour, no obligation meeting at our comfortable offices. Simply call us  on 020 8346 0391 to arrange a mutually convenient time.

This web-site was last updated on 13/06/2008

Copyright © 2003-2008 Mac Kotecha & Company. All rights Reserved. The information on this site is for general guidance only. It is essential to take professional advice on specific issues about their impact on any individual or entity. No liability can be accepted for any errors or omission or for any person acting or refraining from acting on the information provided on this site.