National Savings and Investments (NS&I) offers Premium Bonds which can be gifted to children under 16, with each bond worth £1 and a minimum investment of £25. Managed by NS&I, Premium Bonds don’t guarantee interest but offer monthly prize draws with a prize fund rate of 4%. Purchases made before Christmas won’t enter the January draw, but can be a tax-free and secure savings option for children, with flexibility in managing prizes.
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1 Top Dow Dividend Stock to Buy for Passive Income in June
The Dow Jones Industrial Average tracks 30 large, publicly traded blue chip stocks, which are known for being lower-risk and often paying dividends, making them suitable for those seeking reliable income. Among these, Verizon (NYSE: VZ) stands out with a high dividend yield of over 6%, significantly exceeding the average yield of less than 2% for Dow stocks, positioning it as an ideal choice for passive income this month. This makes Verizon a compelling option...
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