How quickly can I withdraw Premium Bonds?
You can withdraw your cash from Premium Bonds at any time via the NS&I website (although it can take up to eight working days for the money to arrive in your bank account).
The easiest way to sell or cash in your NS&I Premium Bonds is by logging into your account online as this is available 24 hours a day. If you applied for the bonds online then you're already registered so all you'll need is to have your details to hand.
Straight to your bank account
If you win, we'll let you know the good news by email or text message. You'll then normally receive your prize money in your bank account by the 7th working day of the month.
When you make a bank transfer, the money takes 2 to 3 banking days to reach your account.
Drawbacks of Premium Bonds
If you want a regular income, Premium Bonds may not be the best option for you - you may be better off looking at different types of investment or savings accounts, including isas. You'll also receive no interest, as the interest accrued on bonds goes towards the prize fund.
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What are my odds of winning with Premium Bonds?
| Prize value | Number of prizes | Odds of winning from £1 bond |
|---|---|---|
| £50,000 | 11 | 1 in 10,218 million |
| £25,000 | 22 | 1 in 5,109 million |
You can choose to have your prizes paid directly to your bank account (or NS&I Direct Saver) or reinvested into more Bonds. We'll let you know by text or email if you win. Log in to your online account and you'll be prompted to change your prize options.
You can withdraw your cash from Premium Bonds at any time via the NS&I website (although it can take up to eight working days for the money to arrive in your bank account).
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- Investing £50k in property. ...
- Stocks and shares ISAs. ...
- ETFs. ...
- Stocks. ...
- Mutual funds. ...
- Bonds. ...
- Annuities. ...
- Peer-to-peer lending.
Is it better to buy premium bonds in a block?
A There are all sorts of theories. However there is absolutely no evidence that holding premium bonds in a single block has a better chance of winning.
You can withdraw your cash from Premium Bonds at any time via the NS&I website (although it can take up to eight working days for the money to arrive in your bank account).
You can choose to have your prizes paid directly to your bank account (or NS&I Direct Saver) or reinvested into more Bonds. We'll let you know by text or email if you win. Log in to your online account and you'll be prompted to change your prize options.
Go to 'Your profile' in the top menu. On your account dashboard, go to the account you want to close and choose 'Cash in' or 'Take money out'. If you have more than one account of the same type, select the one you want to close. Enter the full balance in the amount box and then choose 'Cash in' or 'Take money out'.
Premium Bonds cash in form
You can also cash in Premium Bonds online without having to create an account. Perfect if you want to cash in specific Bonds or you're not registered. You'll need your holder's number and bank account details to hand.
