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NS&I: Premium Bond reviews

Name: Premium Bond
Rating: 2.94 (145 reviews)

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2.82

Based on 145 reviews, last reviewed 23rd May 2025

No new 5 star reviews

in the past 90 days

67% decrease in 1 star reviews

in the past 90 days

35%

13%

44%

Latest highest rating:

4

Since early 1960’s. I bought £30 worth in the early 1960s (when they were £1) and have had several wins of £25.. Last December I won £25 and this April another £25. Jus... Read more Reviewed on: 23rd May 2025

Latest lowest rating:

1

40k in premium bonds for 5 months and only won £175. 40k in premium bonds for 5 months and only won £175. 3 months won nothing. Much better off in shares or high interest savings account. Reviewed on: 6th March 2025

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About this product

NS&I bond reviews are honest reviews written by people like you. While many people look at the interest rates on offer, what about the NS&I's customer service? Smart Money People is fast becoming the UK's leading source of independent NS&I bond reviews. We need your help! By writing your honest reviews, you can help increase trust and transparency in the financial world.

NS&I Premium Bond reviews (145)

Review of the NS&I, Premium Bond:

DONT BANK ON THE BIG ONE

You dont go in the draw immediately - you have to hold for a full calendar month which is disappointing. So far I have has a few small wins of £25 each and I live in hope of something bigger. Have the security though that my money is safe Reviewed on: 28th March 2016

Since early 1960’s.

I bought £30 worth in the early 1960s (when they were £1) and have had several wins of £25.. Last December I won £25 and this April another £25. Just luck of the draw.. I now have £575 in as I leave them to be reinvested, and am thinking of putting more money into them.. It’s nice when you receive an envelope telling you that you have won £25. Reviewed on: 23rd May 2025

40k in premium bonds for 5 months and only won £175.

40k in premium bonds for 5 months and only won £175. 3 months won nothing. Much better off in shares or high interest savings account. Reviewed on: 6th March 2025

Safe but worth it as interest rates rise?

Used to be a dead cert for somewhere to keep money safe when savings interest rates were next to %zero. Now savings rates are returning a sum of sorts it's worth thinking if gambling £50 a month guaranteed loss of interest is worth it versus potential winnings. Reviewed on: 27th February 2025

Can't withdraw my money.

Can't withdraw my money. Absolute disgrace. Reviewed on: 5th February 2025

Make it impossible to cash out premium bonds - do no...

Make it impossible to cash out premium bonds - do not buy them!!! Reviewed on: 24th January 2025

81yr old Mother ripped off by NS&I

My 81 year old Mother tried to buy some premium bonds for her great-grandson for Christmas. Muddled through trying to order them online, sent a cheque and then heard absolutely nothing from NS&I. Many hours on the phone later, after speaking to someone in a call centre in India, my Mother was told that she hadn't sent a birth certificate or passport details, so they couldn't progress the purchase. They had managed to cash the cheque though and when my Mother told them to cancel the purchase, she was told that they were not able to refund her and that she would have to claim the money back through her bank. Appalling customer service and service in general. How can NS&I take your money before they have completed the actions to check the details of a purchase. Don't bother buying premium bonds, just throw your money in the bin! Reviewed on: 12th December 2024

I started saving with premium bonds and have decided...

I started saving with premium bonds and have decided I want to take my savings out but I'm having so much trouble just getting it out it's been about 5 weeks now and still no refund would not recommend this to anyone Reviewed on: 2nd December 2024

I'm so happy

I usually don't write comments, I just read some few reviews and go my way, but it will be a heartless act seeing people talk about their ugly experience about scam brokers and not share my experience how ( jamesRodriguez)(@)(Cyber-wizard) DT( com) got my funds back Reviewed on: 25th November 2024

Chance to win big

The chance to win big in the monthly draws is exciting and any winnings are paid tax free. Reviewed on: 23rd November 2024

Premium bonds are an exciting saving account

I love saving with premium bonds. I was unsure at the start but once I stared winnings prizes I was confident. I love the thrill of finding out every month and have got close to the prize rate. Reviewed on: 21st November 2024

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