There are many things that separate premium bonds from regular bonds. Premium bonds, unlike regular bonds, are any bonds that are already trading at a price above par.
Bonds issued at a premium always have
A person can own premium bonds at any age, but can only personally purchase them once they attain the age of 16 years. These bonds can be purchased from many different places including the U.S. postal service offices.
Premium bonds offer higher interest rates than bonds sold at par. However, there is a premium cost that one must pay. Don't let that deter you, as the extra interest should more than pay the premium when the bond reaches maturity. The other benefit of Premium bonds is that they are less volatile than par bonds.
Are referred to as "Premium" bonds
If you are referring to the high value premium bond winners table on the NS&I website, the Holding is the total amount of premium bonds held and the Bond Value is the block of premium bonds the winning number fell in, eg Holding £30,000, Block Value £1000 means that the winner holds 30,000 premium bonds and the winning number fell within a block of 1000 consecutively numbered bonds.
Premium Bonds
premium
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Talk to a certified financial planner about which bonds are the best for your investment portfolio.
Premium bonds are bonds that you buy that make you eligible to win a cash prize every month. Even if you do not win, your bonds will be 100% secure although you they may become less valuable over time due to inflation.
As with any investment, premium bonds do have a risk associated with them. If a person truly knew the result, there would be many very wealthy people. In most cases, when the stock market is down, bonds do well.