Articles » Premium Bonds
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Bond Investing Explained - Plain And Simple
With all the types of investments we have these days, it can be frustrating to choose one that is right for you. It will take time to learn about different investments, unless of course you go with the "eeny meenie miny mo" method and just pick one. That, however, may lead to a problem or 2. Your best bet is to look up some information about different investments, and on an investment in particular, bonds. A bond is a type of security that pays a fixed amount of interest at a regular interval over a certain period of time.
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National Savings (NS) are investment products provided by the government and are therefore a way for the government to borrow from the public. They are mainly longer term investments. There are minimum and maximum investment amounts for each.
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Introduced in 1956 by Harold Macmillan, premium bond is defined as a government bond which is priced greater than par. According to National Savings and Investments (NS&I), around 23 million people are premium bond holders.
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Investing in bonds is very safe, and the returns are usually very good. There are four basic types of bonds available and they are sold through the Government, through corporations, state and local governments, and foreign governments.
