what level of protection do premium bonds offer ? do they have the £75k ? govt protection like bank accounts or are they a 100% guaranteed fully backed by the hmrc / govt ?
how quickly can you put money in there and how long does it take to withdraw ? any minimum holding period ? and are there limits to the amount you can deposit ?
You can only hold 50k at a time, iirc. And they are issued by a quasi govt. body, so if they defualt, the govt. has probably defaulted, and the protection would be uselesss anyway.
what level of protection do premium bonds offer ? do they have the £75k ? govt protection like bank accounts or are they a 100% guaranteed fully backed by the hmrc / govt ?
how quickly can you put money in there and how long does it take to withdraw ? any minimum holding period ? and are there limits to the amount you can deposit ?