Purchased in units of £10 value with minimum purchase of £100, maximum £20,000. The bond numbers are entered in a monthly draw for tax-free cash prizes.
                                                            
                                                     
                        
                                                
                        
                        
                            Bonds selling above face value because their interest payments are higher than prevailing interest rates.
                                                            
                                                     
                        
                                                
                        
                        
                            A national savings scheme backed by HM Treasury similar to a lottery. You buy bonds which participate in regular draws until you cash your bonds. Any winnings are tax free and should not be entered on your Tax Return.