How to gift Premium Bonds

Could Premium Bonds be the gift that keeps on giving? We look at how to buy them for a child.

Child is saving money for the future
(Image credit: Getty Images)

If you're looking to give someone a special present, you could consider gifting them some Premium Bonds.

Not only could your loved one be in with a chance of winning a £1 million jackpot, they could also win several other cash prizes every month.

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Value of prize

Number of prizes

£1,000,000

2

£100,000

80

£50,000

158

£25,000

318

£10,000

797

£5,000

1,590

£1,000

16,708

£500

50,124

£100

1,860,128

£50

1,860,128

£25

2,205,679

Total value of prizes: £417,701,175

Total number of prizes: 5,995,712

Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.

With contributions from