Premium Bonds are a type of savings product offered by National Savings and Investments (NS&I) in the United Kingdom. Instead of earning interest on the money you invest, Premium Bonds give you the chance to win tax-free prizes in a monthly lottery. Here are some key features of Premium Bonds: 1. **Investment**: Individuals can invest a minimum of £25 and a maximum of £50,000 in Premium Bonds. The money is used by the government to fund various public services.

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