A.The first Premium Bond was issued on 1 Nov 1956, to Alderman Sir Cuthbert Ackroyd, Lord Mayor of London. The odds of winning are 36,000 to 1 per bond.
A.ERNIE stands for Electronic Random Number Indicator Equipment & is the machine that is used to pick Premium Bonds winners. They were first sold in 1956.
Q.What is maximum premium bond holding
A.The minimum premium bond stake is £100, the maximum is £30,000. They don't pay interest, but with the maximum stake, you'd win an average of 2.4% a year.
Q.where can you get bonds and how much
A.Premium Bonds can be bought over the phone from National Savings & Investments. Call them on 0500007007. Minimum purchase is £100 worth of bonds.