Premium Savings Bonds


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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
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