HC Deb 26 October 1998 vol 318 c44W
Mr. Bob Russell

To ask the Chancellor of the Exchequer if he will reduce to £25 the lower limit for purchase of premium bonds. [56149]

Ms Hewitt

The minimum purchase for Premium Bonds was increased to £100 from £10 on 1 July 1989 because of the need to reduce the cost of administering the Premium Bonds scheme. Since that time, customer demand suggests that the £100 level is acceptable to the majority of purchasers, with the average purchase currently over £1,500. We do not therefore anticipate changing this minimum purchase limit.