What are some benefits of buying premium bonds?
Premium bonds offer higher interest rates than bonds sold at
par. However, there is a premium cost that one must pay. Don't let
that deter you, as the extra interest should more than pay the
premium when the bond reaches maturity. The other benefit of
Premium bonds is that they are less volatile than par bonds.
Related Q&A：
How sells and manages premium bonds？Well, selling and managing premium bonds can be a bit tricky, but here's the deal. First off, you might want to look into a brokerage firm or a financial institution that offers these bonds. You could talk to a financial advisor who can guide you through the process. They'll explain things like the interest rates, maturity dates, and risks involved.
When it comes to selling, it depends on the market conditions and your financial goals. You might do it through the same platform where you bought them or use a secondary market. Oh, and make sure you keep an eye on the bond's performance and any changes in the economy that could affect its value. It's all about doing your research and being smart about it!
