Are premium bonds good investments for children and grandchildren? Video explores the benefits and how to apply if you are a parent or grandparent.
Premium Bonds maximum £30,000 per person (and per child)
Odds of winning a prize each month 24,500 to 1
Stated Fund Payout 1.4% pa Tax Free (as at 28/02/18)
Minimum investment £100
Parents - can apply by post or online
Grandparents - apply by post only