Prize bonds are a type of lottery bond that offer investors the chance to win cash prizes. They are typically sold by governments or financial institutions, and the proceeds are used to fund public projects or other initiatives. Prize bonds are popular among investors because they offer the potential for high returns with relatively low risk.
There are many different ways to buy prize bonds, but the most common method is to purchase them through a bank or other financial institution. Investors can also buy prize bonds online or through the mail. The price of prize bonds varies depending on the country or institution that is issuing them, but they are typically sold for a few dollars or pounds.
