*over 23M people save through Premium Bonds (33% of the population) with over $1... | Hacker News

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		onion2k on July 9, 2020 \| parent \| context \| favorite \| on: Launch HN: Yotta Savings (YC S20) – Behavioral psy... over 23M people save through Premium Bonds (33% of the population) with over $100B deposited. Here in the UK it used to be common for children to receive premium bonds as birthday gifts from grandparents who have no idea what children actually want.

danbolt on July 9, 2020 [–]

I was told by a high school teacher that he'd subsequently spend said bonds on beer when he was in university.

adammoelis on July 9, 2020 | [–]

Can you spend Premium Bonds?

djhworld on July 10, 2020 | | | [–]

You can withdraw them as cash, each bond is worth £1, although it takes a few days for them to send the money to your bank.

onion2k on July 10, 2020 | | | [–]

You can cash them in for beer tokens.

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