Premium Bonds & NS&I Savings Explained

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About Course

Find out how Premium Bonds work, what National Savings and Investments (NS&I) is, why its savings are backed by HM Treasury, and how to decide whether prize-based saving suits you compared with an interest-paying account.

This course gives general information only. It is not financial, tax or legal advice, and Tutwoo is not authorised by the Financial Conduct Authority to give financial advice. Figures and rules were checked against official sources on 30 October 2026 and can change. For help with your own situation, use free guidance from MoneyHelper or speak to a regulated adviser.

© 2026 Tutwoo UK Limited. This course was created in-house by Tutwoo and is our original work. It is for your own learning only: please do not copy, share, record or resell it.

What Will You Learn?

  • Explain how Premium Bonds and the monthly prize draw work
  • Know the minimum and maximum holdings and who can buy
  • Compare Premium Bonds with interest-paying savings and ISAs
  • Check for prizes and avoid NS&I impersonation scams

Course Content

Course Lessons

  • What NS&I and Premium Bonds are
  • Prizes, odds and the real return
  • Choosing between Premium Bonds and other savings

Sources & Further Reading
The official guidance this course is based on.

Final Assessment

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