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Are the winning Premium Bonds the ones bought most recently?
It’s true to say that more Bonds have been bought since 2000, so consequently there would be more recent winners. However that’s not always the case. For example in 2004 the £1 million jackpot was won by a customer with only a £17 holding, who bought them in 1959!
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Can my clients renew their Savings Certificates – whether Index-linked or Fixed Interest – at maturity?
Yes. They’ll be written to in advance of their investment maturing, providing them with details of their options – and one of these will be to renew their certificates in a new term. If the customer doesn’t take any action at maturity, the certificate will renew with another term of the same length.
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Can my clients renew their Savings Certificates – whether Index-linked or Fixed Interest – at maturity?
Yes. They’ll be written to in advance of their investment maturing, providing them with details of their options – and one of these will be to renew their certificates in a new term. If the customer doesn’t take any action at maturity, the certificate will renew with another term of the same length.
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Can NS&I Children’s Bonds be held in a Trust?
No. The way that Children’s Bonds are managed and held is akin to being held in trust. They are held in the name of, and for the benefit, of the child (the “beneficiary”), and managed by a parent/legal guardian (the “trustee”) until the child reaches 16, at which point the child gets control. However once the child has reached the age of 16, the Bond has to be repaid at the next maturity. So for the majority of the life of the Bond it is managed almost as a trust account.
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