Are there any exemptions from the maximum holding limit?

Maturing State Savings Products

Fixed Term State Savings Products (Savings Certificates, Savings Bonds, 4 and 10 Year National Solidarity Bonds) that mature and that are reinvested into current Fixed Term Products are exempt from Maximum Holding Limits.

If any such re-investment brings the total product holdings in the current issues of State Savings Products registered in your name over the Maximum Holding Limit, you will not be allowed to make any additional purchases of the respective State Savings Product.

However, you may continue to invest maturing State Savings products already held by you.

Prize Bond Winnings

Prize Bond winnings that are reinvested into Prize Bonds are exempt from Maximum Holding Limit.

If any investment brings the total product holdings in Prize Bond holdings registered in your name over the Maximum Holding Limit, you will not be allowed to make any additional purchases of the Prize Bonds.

However, you may continue to invest any proceeds of Prize Bond winnings into additional Prize Bonds.

Note:  Prize Bond winnings must be reinvested within 30 days of winning to qualify for this exemption.

Inheritance

Inherited (i.e. the transfer to you of a State Savings product upon the death of the holder)  State Savings Fixed Term products are exempt from Maximum Holding Limits for those products.  Inherited Prize Bonds are exempt from Maximum Holding Limits for Prize Bonds.

If any inheritance brings the total product holdings in the current issues or total Prize Bond holdings registered in your name over the Maximum Holding Limit, you will not be allowed to make any additional purchases of the respective State Savings Product.

However, you may continue to inherit State Savings products.