Buying Premium Bonds

[iloveglee]

I have £100 worth of premium bonds which as I understand it is the minimum holding. if I wish to purchase any more, do I have to buy the minimum holiding again, or can I purchase as many as I like. the website says you can buy £50 by standing order, but this is a monthly commitment.

[follyfancier]

you can buy what you like up to the holding limit when you go to the web site but the minimum will be £100

[iloveglee]

I thought that might be the case, I had hoped that once you had the minimum holding you could just buy a few to add to that but there is nowhere on the website that refers to being able to buy anything less than £100

[Ric.ror]

Oh thanks for your question - its reminded me the next draw will be in a few days - I'll let you know how I get on ;-))

[boxtops]

I thought you could only buy £100-worth at a time these days.

[iloveglee]

thanks for the replies. I think that you may be right, every time you buy, you have to buy £100 worth, bit of a pain but if that's how it is......

[spudqueen]

Premium Bonds are sold in £1 quantities, but the minimum you can buy is £100. You can buy £101 if you want, but the minimum is £100. If you pop in your local Post Office in the morning you'll be able to pick up a leaflet on them.

[atalanta]

You can buy any amount in hundreds at a time, such as £1,000 or £5,000.

[Mass_Hysteria]

I'm sure you can set up your standing order for , say, £10 per month and when it reaches £50 it will "buy" 50 premium bonds.

[THECORBYLOON]

Why not cash in what you have, top it up by whatever amount you want and then buy more bonds?

[dasherman]

Premium Bonds can be purchased in multiples of £1 but the minimum amount in one transaction is £100. The minimum monthly purchase via DD is £50. The only time this is different is when £25 prizes are automatically reinvested.

[iloveglee]

thanks for all the info. we are not now spending money on the lottery, instead we are buying premium bonds. we have to save up for a few weeks to have enough to buy the minimum and I was just wondering whether, if you already have the minimum you could then buy as few as you wanted next time. clearly not so will have to continue saving until we have £100 then buy another set.