Buying premium bonds for children

There are lots of ways to save for children, and Premium Bonds can be a way to inject a little fun into the procedure. Premium Bonds can be bought for children by a parent or guardian, a grandparent, or a great-grandparent. Any Premium Bonds bought for a child will be looked after by the parent or guardian named on the application form, regardless of who bought those Bonds. Information on the Premium Bonds, and details of any prizes won or payment for cashed-in Bonds will be sent to the nominated parent or guardian until the child achieves their 16th birthday.