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flag NS&I states Premium Bonds must wait a month after purchase to enter monthly prize draws.

flag NS&I clarified that Premium Bonds must wait a full calendar month after purchase to be eligible for the monthly prize draw. flag However, if winnings are automatically reinvested, the new Bonds are eligible the next month. flag Each £1 Bond offers a tax-free win, with odds at 22,000 to one, but moving winnings into a savings account may incur tax on interest earned.

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