hey guys it's Paul I want to do a really
quick introduction to premium bonds in
the UK I've been talking a few people
lately and they didn't really understand
them and I've been I've had premium
bonds I think from well over ten years
now and I think the worth looking into
as a safe play safe ish ninety nine nine
point nine percent safe place to put
your money and a bit more fun than just
leave it in a savings account that's not
making a great interest rate so premium
bonds it's something oh I understand
premium bonds it's something like you're
loaning the government your money to do
stuff with this how it was set up people
people gave the government some money
they put in a bond and the government
could go and build things with that I'm
not sure if they do that now anymore or
not I think they still do but your money
is safe you will get your money back
unless the government completely
collapses and that's the only way you'd
probably lose this money right and the
odds of that are pretty slim I would say
so you can have up to so while sorry
while the premium bombs they like I said
you give the money to the government
they can invest it in whatever projects
they're doing and you'll get entered in
a prize fund for every bond you pay
every pound you pay you get a premium
bond number and the top prize is a
million dollars is to a billion dollars
million pounds there's actually two
we're not to rip from 25 to a million
tax-free in our monthly draw so thanks
the third or the fourth of the month I'm
going to show you the app in a minute so
every time I think 25 pounds of minimum
investment I should read what's on the
screen right the prize is when you win
it are all tracks free when you win
you've got the choice of buying more
Premium Bonds or getting a check so they
will just post you a check and you can
put it in your bank account all right I
would think they probably posted putting
your bank account direct as well I
choose to reinvest I just if I get me 25
quid or 50 quid I think most of one's 50
quid I just buy more bonds with it until
I hit this maximum right I haven't got
fifty thousand I've got around six
seventeen thousand a minute you can
maximum you allowed fifty thousand so
obviously once you get after that then
you would have to cash you
Rises out and it says your annual prize
revenue interest rate is what you can
expect is 1.4 percent I mean to me it's
a lottery I won't go too much on that
here we go where I want this chance to
win super all the same as our one chance
to me sound offer me emails 25-pound to
invest on percent hundred percent secure
want to make most tax-free investment
opportunities I want to buy them as a
gift for a child under 16 so you can
cash them out at any point and I think
it takes about 15 days to hit you back
I've cashed out mine before then
reinvested them again later when I've
needed the money I've been able to cash
out and you can purchase these for your
kids and maybe your grandkids but you
can't if you're not the authorized
Guardian or the paper grandparent I
don't think you can do it and it's
saying don't go if your regular income
looking guaranteed returns or concern of
inflation eroding their savings you want
to invest jointly with someone else so
it's really it really is just a like
another place for safe money where
you've got a chance to win in right I'm
gonna log in to mine and just show you a
bit more of the back end and I'll show
you the app as well but to me it's a
good idea I'm not I'm not enough
financial the word the fact that I don't
know the word for the financial types is
shows you that I'm not one thought let's
just I'm gonna log in and then I'm gonna
show you a bit bound of what you can do
let me just show you actually you can
log in up here obviously you can sign in
or you can register for new one there's
obviously different accounts where you
can register different places you can
read your different types if you're
eligible sign up and then they'll give
you your gets all letter in the post
with a code I would have thought and
then you can log in right so I'm gonna
log in right so I've logged in I thought
I had 17,000 obviously have won a 125
pounds so I've got 17,000 25 I'm not
showing office you know it's not like a
maximum payment of anything I'm just
proving that I've got some while I'm
sort of recommending or telling you
about them so within here you're gonna
get your messages I don't want to scroll
about too much because I've got things
as I moved the screen about I'll have to
keep moving the blur and but you can
imagine it's you see your profile you
see your settings you can set way
whether you want to reinvest your funds
or you want to cash them out you can buy
more funds if you go up here and go to
premium bonds again I'm going after
blurred stuff out here I go up a little
bit down the bottom here it says here
two options right cash in or buy more so
obviously you can cash in and cash out
any any money you want you'll receive
the money in your bank account within
three working three banking days so it
only takes three days to cash your money
out right so I wanted to show you that
it was easy to lock me out it was easy
to cash out right so it's that's an easy
option to do and then go back to here
premium bonds and the other option here
is buy more right so you can buy more
you can go and add your however much you
want a minimum of twenty five maximum of
32 that's probably on my account
obviously 50 thousands of most you can
put in your money and I buy 100 pounds
worth continue in a point any cached
card details and pay right I see it's
easy to cash you out and it's easy to
pay so don't run off done it again and a
and buck him you can go up to the
profile here and go your prize options
and you can change this look prize
payment prices paid directly to your
account reinvest into more premium bonds
you can change it at any point you want
to change it to a my nominated account
you can go back to your prize options do
you want emails or text and change that
you can go to twin change your settings
and all other things right so the back
end and the top is really easy to use
you're just going to keep you're going
to keep on top of your messages of prize
winnings you're gonna be able to add
more money very simply and you're gonna
be able to take money out within 3 days
3 banking days it'll be backing your
account so it's really easy but I want
to introduce you to the phone app and
the bit of
that comes with premium bonds basically
you get the nside premium checker you
put your number in put your details in
face ID to recognize but it's gonna say
how many days till the next drawer and
you can keep checking in and you know
it's the what days it's a day the 31st
so it's the fourth it's the father says
I can't believe I just tried to work
that out
so it's drawn on the fourth of every
month if you follow it if you join the
Facebook page there if I click on that
and the day before it tells you who was
one Premium Bonds Ernie there's probably
a picture just show me no we are
obviously this I'll piss off my friend
sends me here look December's
millionaires winning bond number from
stop invested thirty six thousand
invested so that person only had 36 of a
possible 50 and the other person that
won was in Hampshire and Isle of Wight
fifty thousand invested yeah there you
go
somebody norwich we only ten thousand
invested one twenty six thousand in
chill for whatever that said here's
another one four thousand somebody in
essex will move only four thousand
invested right so it's cool turn the
facebook page out but you're gonna go
there and it's going to show you is on
the day or if you haven't clicked it's
gonna say reveal results and you press
reveal and there's a big I don't know
there's some sort of somebody blowing ad
underlined or something and then it
reveals if you've warned so you but you
can also check your last six drawers so
of the last six I've only 125 quid twice
I've got a bit of a barons bell but
there's always a chance at always four
days away right and so I just wait to
give you an introduction
it's what the things I do on my channel
if people talk to me in the pub and I
say oh yeah I've been doing that for a
while you just check here you check your
premium bonds and if you ever need to
cash them out I've been saying 14 days
but obviously it's three days and to me
if you've got some money just kind of
not sat around but if it's just in your
bank earning next to no interest then I
think you probably worth it's a bit more
fun to put it into premium bonds and you
you can get it out any time soon hope
this helped top this was a bit of fun of
an introduction to premium bonds giving
you an idea and maybe to look into it
further I'll try I do a lot of tech
YouTube introductions so showing people
like I did here the back end of apps and
things that may help so if you're more
if you think you like that sort of stuff
it'd be awesome if you gave me a like
and subscribe see you all again soon
ask me any questions in the comments I
will try to answer best I can
Cheers