Premium Savings Bonds

pl n

(Banking & Finance) (in Britain) bonds issued by the Treasury since 1956 for purchase by the public. No interest is paid but there is a monthly draw for cash prizes of various sums. Also called: premium bonds

Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

References in periodicals archive

Ernest Marples, the Postmaster-General, pressing a button to start up ERNIE (Electronic Random Number Indicating Equipment) for the first Premium Savings Bonds draw

On this day

<B Post Office engineers checking 'Ernie' at the Premium Savings Bonds office in Lytham St Annes, Lancashire, in readiness for the first draw

Celebrating 60 years of premium bonds - a true national treasure; About 350 millionaires have been created in the years that premium bonds have been on sale. On their 60th birthday today, Vicky Shaw reports on their enduring popularity..

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