We’re here in the UK every day except bank holidays. Simply complete an application form and send it to us, with a cheque payable to NS&I.
| Aspect | Advantage | Disadvantage |
|---|---|---|
| Cost | Completely free to claim. | Potential winnings are capped low. |
| Risk | Zero financial risk for the player. | Easy to fail strict wagering requirements. |
| Game Testing | Perfect for trying a new casino or game. | Often restricted to a single slot game. |
| Withdrawal | Chance to win real money without depositing. | Verification and KYC required to withdraw. |
If you or a child you’re buying for already have some Premium Bonds, you can buy via bank transfer (including standing order).
a chance to win tax-free prizes from £25 to £1 million to buy a savings gift for a child under 16 Remember that inflation can reduce the true value of your money over time. Each investment must be at least £25. Buying online You can buy Premium Bonds online using our secure online system. Please have your debit card details at the ready. Buying over the phone We’re here in the UK every day except bank holidays.
Please have your debit card details ready. (Please note: if you’re buying Bonds for someone else’s child, you can't buy them by phone. We don't accept credit card payments.) Buying by post Simply complete an application form and send it to us, with a cheque payable to NS&I. Print and complete an application form: Buying for yourself or your child under 16 Buying as a gift for someone else’s child under 16 Bank transfer or standing order If you or a child you’re buying for already have some Premium Bonds, you can buy via bank transfer (including standing order). You can buy Premium Bonds online using our secure online system. Premium Bonds can make a special gift for a child under 16. Until the child’s 16th birthday, the parent or guardian named on the application looks after the Bonds, regardless of who bought them.
We’ll show you the maximum amount of arranged overdraft we can offer you before you complete your switch request form. If we’re unable to offer you the full amount, you’ll need to make arrangements with your bank to pay back the remaining amount. If you’ve already got a current account with us you can log in to online banking or the mobile banking app to see if there’s an option to extend your arranged overdraft. You can use the Cost Calculator to work out how much your anticipated arranged overdraft borrowing would cost over different periods of time. You can use the Eligibility Tool to find out if you can have an arranged overdraft.
All overdrafts are subject to application and approval and are repayable on demand. You must be 18 or over to apply. Learn how to get the most out of your Lloyds current account with our support pages. An arranged overdraft can act as a short-term safety net if you need to borrow a little extra money. Learn more about overdrafts and check your eligibility today. When the child turns 16, they’ll manage their own Bonds. We’ll send confirmation of any transactions made, prizes won and payment for cashed-in Bonds to the nominated parent or guardian until the child is 16.
Save up to £20,000 without paying a penny in tax on the interest. Invest from £1 to £20,000 in the tax year 2026/27. Save for your future and have the chance to win tax-free prizes. Premium Bonds are entered into a monthly prize draw, with prizes ranging from £25 to £1 million. You can also buy them as a gift for a child under 16.
3.30%, variable (until the June 2026 prize draw)3.80%, variable (from the July 2026 prize draw) 3.30%, variable (until the June 2026 prize draw) 23,000 to 1 for every £1 Bond in the monthly prize draw, variable (until the June 2026 prize draw)22,000 to 1 for every £1 Bond in the monthly prize draw, variable (from the July 2026 prize draw) 23,000 to 1 for every £1 Bond in the monthly prize draw, variable (until the June 2026 prize draw) Any prizes you win are free from UK Income Tax and Capital Gains Tax. Any prizes you win are free from UK Income Tax and Capital Gains Tax. What’s the minimum you can pay in? What’s the maximum you bet best odds betting site can save? Anyone 16 or over who has a UK bank account. Buying for your own child Parents or legal guardians can apply online, by phone or by post.
If your child already has some Premium Bonds and you want to buy more online or by phone, you’ll need to be registered first. This could take a few days while we set up your registration. The same child can have more than one nominated parent or guardian managing Premium Bonds for them.
In this case, each nominated parent or guardian will have a separate holder’s number for the child.
The child must not hold more than £50,000 of Premium Bonds in total.
More about overdrafts and switching transfer your statement or transaction history. You should be able to download or request copies from your old account provider. Working day 1 We’ll contact your old account provider to start your switch. Working day 2 We’ll confirm that your old account provider has received your request. We can then start moving your regular payments to your new Lloyds current account.
Working day 3 to 5 It’ll take a couple of days to transfer all your regular payments, and make sure everything is ready for your chosen switch date. Working day 6 If you choose to pay off the overdrawn balance on your old account as part of your switch, please make sure there’s enough money in your new Lloyds account to cover this payment on the seventh working day of your switch. Working day 7 We’ll transfer your balance and close your old account. After your switch Any payments sent to your old account will be automatically redirected to your new Lloyds current account. We’ll also give the sender your new details for future payments. Buying for someone else’s child You can apply online or by post. You can ask us to send you an electronic or paper gift card for you to pass on to the child. We’ll also send you an acknowledgement of your investment.
To check whether third party permissions will be supported when you switch, you can contact us or read personal banking terms, conditions and charges guide (PDF, 315KB) You might have given authorised third parties permission to access your account information, or to make online payments for you. To check whether third party permissions will be supported when you switch, you can contact us or read personal banking terms, conditions and charges guide (PDF, 315KB) Recognised for ease of opening across our Personal Current Accounts. Account opening is subject to status, 18+, UK resident If you have a current account with Lloyds and want to switch in a current account held elsewhere you can do this in the mobile banking app. Simply head to the 'Apply' section, look for current accounts and 'Switch to an existing account'. You can also do this by logging in to online banking.
An arranged overdraft is a short-term borrowing option on your current account that allows you to borrow up to an agreed limit. It can act as a buffer, helping you manage unexpected costs. At the end of your current account application process, we may offer you an arranged overdraft. If we do, we'll tell you the maximum amount you can have and you can add it right away. You can also apply for one later. But only the nominated parent or guardian will be able to manage and cash in the Bonds.
And we’ll take care of moving them all for you. If you have money in your old account, we will transfer it to your new account on your switch date. We will arrange for payments accidentally made to your old account to be automatically redirected to your new account. We will also contact the sender and give them your new account details. If there are any issues in making the switch, we will contact you before your switch date.
If anything goes wrong with the switch, we’ll refund any interest and charges applied to your old or new account as soon as we’re told, whether that interest was paid or lost, and whether the charges happened because of this issue. You might have given authorised third parties permission to bet free bets uk no deposit bonus access your account information, or to make online payments for you. These permissions won’t be transferred when you switch, so: 1. before your old account is closed, check whether you have any third-party permissions in place 2. if you want to restore these permissions once your Lloyds account is open, you’ll need to contact each third party and give them your new details. Before you apply for someone else’s child: Remember, although you can buy Premium Bonds for someone else’s child as a gift, you won’t be able to look after the investment on their behalf or have the Bonds to be repaid to you Please make sure the parent/guardian is happy to look after the investment for the child (until the child is 16), and agrees to you giving us their details We'll check the identity and address of everyone named on your application, and we may need to ask for documents to prove this Please let the parent/guardian know that we might be in touch to ask for evidence of identity documents As part of your application you'll need to know: Your address and date of birth The child’s address and date of birth The parent/guardian’s address and date of birth Premium Bonds can make a special gift for a child under 16.
We’ll contact your old account provider to start your switch. We’ll confirm that your old account provider has received your request. It’ll take a couple of days to transfer all your regular payments, and make sure everything is ready for your chosen switch date. If you choose to pay off the overdrawn balance on your old account as part of your switch, please make sure there’s enough money in your new Lloyds account to cover this payment on the seventh working day of your switch. We’ll transfer your balance and close your old account.
Any payments sent to your old account will be automatically redirected to your new Lloyds current account. The Current Account Switch Service offers a simple, reliable and stress-free way to switch your current account from one bank or building society to another. And it only takes 7 working days. As your new current account provider, Lloyds offer the following guarantee: The service is free to use and you can choose and agree your switch date with us. All your payments move over – both the money coming in, like your salary, and the money going out, such as direct debits and standing orders.